USD/JPY +100

it looks like the JPY is making another floor at 85.50 ish level, and from technical perspective it seems like good opportunity for long position. In recent days USD is showing oversold indication, just like the JPY is showing the signs of overbought levels. Divergence on daily chart is reflecting clear signs of divergence on RSI, and move towards the resistance Trend Line. 200 SMA is 500 pips away from its current price. ADP Non-Farm Employment Change & ISM Non Manufacturing are due to come out in couple of hours and positive results from those two indicators would definitely go in favor of our trade. Recent down moves of the JPY are not as strong, and we are betting on rebound from current levels. Stops are placed at 84.88, and target set for 86.88 and higher in case of positive ISM. Number that everybody is waiting for and calculating positions before its release is employment data on Friday.