USDJPY has found its momentum if we look at H1 chart. On H4 chart, the price is still moving above 20 MA and 50 MA and both MA start to rise. My bias is bullish on USDJPY today.

My plan is long on USDJPY today on bullish signal confirmation within the confluence zone at 106.860-107.167, with 107.356 as target or 107.663 in extension.

Be careful if the market managed to break below 106.860 because it will turn the bias to bearish and possibly will push USDJPY down to 106.671-106.364.

Plan: Long on bullish signal confirmation within 106.860-107.167; target at 107.356 or 107.663

USDJPY 27 February 2018

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