USDJPY remains in upward trajectory as seen on hourly chart as well as on the H4 chart. Therefore, intraday bias remains bullish, as well as the mid-term bias. Note that stochastics are overbought on H1 and H4 chart, so be careful of any correction.

I plan to go long on USDJPY on bullish signal confirmation on a pull-back move to within the confluence zone at 113.277-112.829 with 113.677 as target or 114.077 in extension.

Be careful if the market managed to break below 112.829 because it will turn the bias to bearish and possibly will push USDJPY down to 112.629-112.381.

Plan: Buy on bullish setup confirmation within 113.277-112.829; target at 113.677 or 114.077

USDJPY-11-December-2017

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