USDJPY remains under pressure, testing intraday resistance area at 111.109-111.654. I plan to go short if I can get clear bearish signal within the resistance area, with 110.771 as target and 110.225 in extension.

Note that hourly stochastic is already oversold on hourly chart. Therefore, be careful if this condition is followed by a break above the resistance 111.654 because it will turn the intraday bias to bullish and possibly will push USDJPY up to 111.992-112.538.

Plan: Sell within 111.109-111.654; target at 110.771 or 110.225


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