On H4 chart we can see that the price has fallen below 20 MA and 50 MA, stochastic is overbought. Hourly stochastic has crossed down. My plan is short on USDJPY, will be better if I can get it on a pull-back move to within the resistance area at 113.477-113.862 with 113.238 as target and 112.852 in extension.

Be careful if the market managed to break above 113.862 because it will turn the bias to bullish and possibly will push USDJPY up to 114.101-114.487.

Plan: Sell on bullish setup confirmation within 113.477-113.862; target at 113.238 or 112.852

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