USDJPY has pulled back into the intraday support area at 114.728-115.021. As today’s trade plan, I would like to look for bullish setups within the support area in order to look for buy signal confirmation with 115.202 as target or 115.494 in extension.

Note that the market has fallen to below 20 MA and 50 MA on hourly chart. Be careful if the market managed to break the support 114.728 once again because it will turn the intraday bias to bearish and possibly will push USDJPY down to 114.547-114.255.

Plan: Buy within 114.728-115.021; target at 115.202 or 115.494

USDJPY Chart:

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