Intraday bias for USDJPY currently is bearish. A pull-back move has occurred and the pair now is moving within intraday resistance area a 112.801-113.223. As today’s trade plan, I would like to pay attention on the resistance area in order to look for sell signal confirmation with target at 112.540-112.279.
Be careful if the market managed to break the resistance 113.223 because it will turn the intraday bias to bullish and possibly will push USDJPY up to 113.384-113.645.
Plan: Sell within 112.801-113.223; target at 112.540 or 112.279