USDJPY has pulled back into the intraday confluence zone at 106.430-106.053. Stochastic is oversold on H4 chart and 20 MA has crossed above 50 MA on H4 chart. My bias is bullish on USDJPY today.

My plan is long on USDJPY today on bullish signal confirmation within the confluence zone at 106.430-106.053, with 106.663 as target or 107.039 in extension.

Be careful if the market managed to break below 106.053 because it will turn the bias to bearish and possibly will push USDJPY down to 105.820-105.444.

Plan: LONG on bullish signal confirmation within 106.430-106.053; target at 106.663 or 107.039

USDJPY-12-March-2018

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