Intraday bias for USDJPY currently is bearish. A pull-back move has occurred and the pair now is testing intraday resistance area a 112.944-113.154. As today’s trade plan, I would like to pay attention on the resistance area in order to look for sell signal confirmation with target at 112.815-112.606.
Be careful if the market managed to break the resistance 113.154 because it will turn the intraday bias to bullish and possibly will push USDJPY up to 113.283-113.492.
Plan: Sell within 112.944-113.154; target at 112.815 or 112.606