USDJPY Buy Opportunity

The market is going to move upward. A new swing low is higher than the previous one. MACD supports the upward movememnt. ADX line rises and it tells us that the bulls become stronger. The daily chart gives us a bullish divergence which is a trend reversal signal. Based on these signals we can buy. Entry level is 106.70 with stop orders at 105.40 level. Profit targets are 108.00 and 110.00 levels.