USDJPY remains in an upward trajectory, testing intraday key resistance at 111.380. 20 MA and 50 MA remains moving upward. Hourly stochastic is overbought.

My plan is to look for strong bullish setups confirmation on a pull-back move to within the support area within 110.694-110.271 in order to go long with 110.956 as target and 111.380 in extension. If no pull-back occurs, a break above 111.380 possibly will bring USDJPY higher to 111.804-112.278.

Be careful if the market managed to break the support 110.271 because it will turn the intraday bias to bearish and possibly will push USDJPY down to 110.009-109.585.

Plan A: Buy within 110.694-110.271; target at 110.956 or 111.380
Plan B: Buy on break of 111.380; target at 111.804 or 112.278


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