USDJPY rebounded from the intraday confluence zone as we expected. Stochastic is still overbought on hourly chart and H4 chart.

My plan is still long on USDJPY today on bullish signal confirmation on another pull-back move to within the confluence zone at 106.905-107.335, with 107.499 as target or 107.765 in extension.

Be careful if the market managed to break below 106.905 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 106.905-107.335; target at 107.499 or 107.765

USDJPY-18-April-2018

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