USDJPY has turned bullish after broke the intraday resistance. On H4 chart we can see that the price has broken above 50 MA. My plan today is long on USDJPY on bullish signal confirmation on a pull-back move to within the confluence zone at 112.830-112.428 with 113.037 as target and 113.328 in extension.

Be careful if the market managed to break below 112.428 because it will turn the bias to bearish and possibly will drag USDJPY down to 112.275-112.026.

Plan: Buy on bullish setup confirmation within 112.830-112.428; target at 113.037 or 113.328

USDJPY 18 OCTOBER 2017

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