A pull-back move has occurred to within intraday support area at 109.525-109.918. 20 MA and 50 MA are rising on hourly chart. My plan is to look for strong bullish setups confirmation on a pull-back move to within the support area in order to go long with 110.178 as target and 110.582 in extension.

Be careful if the market managed to break the support 109.525 because it will turn the intraday bias to bearish and possibly will push USDJPY down to 109.275-108.871.

Plan: Buy within 109.525-109.918; target at 110.178 or 110.582


2 thoughts on “Will USDJPY Rebound?”

  1. Teboho Faro says:

    Ey man Im loving your outlooks very much

    1. Eko Trijuni says:

      Thanks a lot man.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.