USDJPY remains in bearish bias. Our confluence zone is within the range of 112.318-112.701. My plan is looking for bearish signal confirmation on a pull-back move to within the confluence zone with 111.976 as target and 111.634 in extension. If no pull-back occurs, a break below 111.976 possibly will be followed by deeper bearish move to 111.634.

Be careful if the market managed to break above 112.872 because it will turn the bias to bullish and possibly will push USDJPY up to 113.084-113.426.

Plan A: Sell on bearish setup confirmation within 112.318-112.701; target at 111.976 or 111.634
Plan B: Sell on break of 111.976; target at 111.634

USDJPY-12-OCTOBER-2017-FT

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