Price seems to be printing a double bottom at 50% retracement in the daily time frame. On top of that, RSI has made a higher low. As such, this may be a level which USDJPY is turning around from. The current climate isn't favourable due to uncertainty involve with USA, Syria, Russia and North Korean. Thus a tight stop loss is in place below the double bottom, at a break of 109.9. With that we'll have a great opportunity for a short too, aiming at the next level of support at 61.8% retracement. 1% risk for for the long trade while a 2% risk is given for the short trade if it triggers.