USDJPY Possible HnS

5/09/2016
Currency pair: USDJPY
Entry Order: Buy Stop @ 106.88
SL: 70pips
TP: 280 pips

Analysis:
-support 106.40
-Possible head and shoulders
-4h double bottom reversal
-4h trendline break
-rsi underbought.
-1hr macd divergence
-1hr falling wedge