USDJPY has pulled back into intraday support area within 110.674-111.016. Today I plan to look for strong bullish setups confirmation within the support area in order to go long with 111.228 and 111.570 in extension.

However, note that the candles are moving below 20 MA and 50 MA on hourly chart. Be careful if the market managed to break the support 110.674 because it will turn the intraday bias to bearish and possibly will push USDJPY down to 110.462—110.120.

Plan A: Buy within 110.674-111.016; target at 111.228 or 111.570

USDJPY Chart:

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