USDJPY is halted at resistance area at 112.328-112.703. Bearish divergence is seen on hourly stochastic. My plan is to go short on USDJPY on bearish signal confirmation within the resistance area with 111.909 as target and 111.721 in extension.

Be careful if the market managed to break above 112.703 because it will turn the bias to bullish and possibly will push USDJPY up to 113.078-113.497.

Plan: Sell on bearish setup confirmation within 112.328-112.703; target at 111.909 or 111.721


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