USDJPY has pulled back to within the intraday confluence zone at 111.950-112.220. On H4 chart we can see that the price remains below the MA. Intraday bias remains bearish. My plan is to go short on USDJPY on bearish signal confirmation within the confluence zone with 111.800 as target and 111.674 in extension.

Be careful if the market managed to break above 112.220 because it will turn the bias to bullish and possibly will push USDJPY up to 112.347-112.555.

Plan: Sell on bearish setup confirmation within 111.950-112.220; target at 111.800 or 111.674


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