USDJPY remains under pressure, my bias remains bearish for mid-term and intraday outlook. On H4 chart, the price remains below 20 MA and 50 MA but note that stochastic has crossed up.

I still plan to go short on USDJPY on bearish signal confirmation within the confluence zone at 112.675-112.913 with 112.462 as target or 112.249 in extension.

However, be careful if the market managed to break above 113.019 because it will turn the bias to bullish and possibly will push USDJPY up to 113.151-113.364.

Plan: Sell on bearish setup confirmation within 112.675-112.913; target at 112.462 or 112.249

USDJPY-2-January-2018

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