USDJPY is still moving above 20 MA and 50 MA on hourly and H4 charts. A golden cross has been confirmed on hourly chart. Therefore, my bias is bullish on USDJPY today.

My plan is long on USDJPY today on bullish signal confirmation on a pull-back move to within the confluence zone at 107.272-107.053, with 107.467 as target or 107.662 in extension.

Be careful if the market managed to break below 106.955 because it will turn the bias to bearish and possibly will push USDJPY down to 106.834-106.639.

Plan: LONG on bullish signal confirmation within 107.272-107.053; target at 107.467 or 107.662

USDJPY-12-April-2018

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