USDJPY has pulled back into the intraday confluence zone, still moving above 20 MA and 50 MA on H4 charts. Stochastic is oversold on hourly and H4 chart.

My plan is long on USDJPY today on bullish signal confirmation within the confluence zone at 107.069-107.335, with 107.499 as target or 107.765 in extension.

Be careful if the market managed to break below 107.905 because it will turn the bias to bearish and possibly will push USDJPY down to 106.905-106.639.

Plan: LONG on bullish signal confirmation within 107.069-107.335; target at 107.499 or 107.765


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