USDJPY -0.16% is now testing major swing low support and could see a nice bounce from here.

Buy above 105.56. Stop loss at 104.84. Take profit at 107.88.
Reason for the trading strategy (technically):
Price is seeing strong support above 105.56 ( Fibonacci extension , horizontal swing low support) and a strong bounce could occur at this level to push prices up to next resistance at 107.88 ( Fibonacci retracement , horizontal swing high resistance, Fibonacci extension ).
RSI (55) sees an ascending support line hold up prices really well and is providing immediate support for our current idea.
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