USDJPY is halted at resistance area at 112.998-113.244. Overbought indication is seen on hourly stochastic. My plan is to go short on USDJPY on bearish signal confirmation within the resistance area with 112.846 as target and 112.600 in extension.

Be careful if the market managed to break above 113.244 because it will turn the bias to bullish and possibly will push USDJPY up to 113.490-113.765.

Plan: Sell on bearish setup confirmation within 112.998-113.244; target at 112.846 or 112.600


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