USDJPY has pulled back into the intraday confluence zone again. On the H4 chart, we can see that the price is moving between 20 MA and 50 MA, and the death cross remains. My plan today is short again on USDJPY on bearish signal confirmation within the confluence zone at 113.311-113.684 with 113.080 as target and 112.849 in extension.

Be careful if the market managed to break above 113.684 because it will turn the bias to bullish and possibly will push USDJPY up to 113.827-114.058.

Plan: Sell on bearish setup confirmation within 113.311-113.684; target at 113.080 or 112.849


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