USDJPY has turned bullish. A golden cross has been confirmed on hourly chart, formed by 20 MA and 50 MA. Both MA are still rising on 4-hours chart. My plan is long on USDJPY on bullish signal confirmation on a pull-back move to within the support area with at 112.829-112.364 with 113.244 as target and 113.665 in extension.

Be careful if the market managed to break below 112.156 because it will turn the bias to bearish and possibly will push USDJPY lower to 111.899-111.484.

Plan: Buy on bearish setup confirmation within 112.829-112.364; target at 113.244 or 113.665


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