News for the day that could affect this trade
. (USD) Trump Speech to congress
. (USD) ISM Manufacturing PMI
USDJPY came off strong level of daily support. It also broke and consolidate above the trendline - a good bullish indication. I'd go into smaller TF and look for buying opportunity
As a bull on JPY pairs, I took my first buy at WM2. However, price reversed and took me out of my first trade. I'd wait for my 2nd entry somewhere around the role reversal area to go long again with profit target at WM4.