Potential Long Position for USD/JPY_Trade Plan 2017.06.22

Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level

D1 and H4 are both show the current trend is still unclear with price trapped between MA200 and major D1 resistance area 111.623-112.201 (psychological level 112.000).
However, currently price is holding up above MA200 in all D1, H4, and H1 timeframes.
Thus, for the current market bias, momentum to the upside is still intact.

Trade Plan:
If price pull back to previous resistance area turns to support 110.648-110.771 and rejected up, long the market to follow the short term uptrend.
With Stop Loss 27 pips and Target Profit 64 pips, the potential trade offers 2.37 Reward-To-Risk Ratio.
As an alternative, the Target Profit could be expanded to 82 pips (if the momentum is still good) and offers 3.04 Reward-To-Risk Ratio.