USDJPY has broken bearish trendline. 20 MA and 50 MA has confirmed golden cross on hourly chart. My plan is to look for strong bullish setups confirmation on a pull-back move to within the support area at 108.795-108.538 in order to go long with 108.954 as target and 109.211 in extension.

In case of no pull-back occurs, a break above 109.211 possibly will be followed by bullish move up to 109.468-109.755.

Be careful if the market managed to break the support 108.538 because it will turn the intraday bias to bearish and possibly will push USDJPY down to 108.379-108.122.

Plan A: Buy within 108.795-108.538; target at 108.954 or 109.211
Plan B: Buy on break of 109.211; target at 109.468 or 109.755

Oil Chart:

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