USDJPY has pulled back into the intraday confluence zone. On H4 chart we can see that the price remains above 50 MA, correction has occurred following the spinning top candle appearance. My plan today is long on USDJPY on bullish signal within the confluence zone at 112.972-113.660 with 114.085 as target and 114.510 in extension.

Be careful if the market managed to break below 112.972 because it will turn the bias to bearish and possibly will drag USDJPY down to 112.709-112.284.

Plan: Buy on bullish setup confirmation within 112.972-113.660; target at 114.085 or 114.510


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