USDJPY currently is in bearish bias. A pull-back move has occurred to within the resistance area at 110.762-111.074. Note that bearish setups have been confirmed on hourly stochastic and CCI. Therefore, USDJPY possibly will fall today with 110.570 as target and 110.258 in extension.

Be careful if the market managed to break the resistance 111.074 because it will turn the intraday bias to bearish and possibly will push USDJPY up to 111.266-111.578.

Plan: Sell within 110.762-111.074; target at 110.570 or 110.258


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