On H1 chart we can see that USDJPY remains within the intraday resistance at 109.901-110.352. Hourly stochastic has crossed down. I am still bearish on USDJPY today with 109.623 as target and 109.345 in extension.

Be careful if the market managed to break above 110.450 because it will turn the bias to bullish and possibly will push USDJPY up to 110.600-111.803.

Plan: Sell within 109.901-110.352; target at 109.623 or 109.345


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