fxplan

USDJPY: bearish bias

USDJPY: rebounded after hitting lows at 116.69

Plan A. – Breaks below 116.70(support) could target 116.00 levels(Key support),
Plan B. – Breaks above 118.00(resistance) will see rebound to 118.82 (Jan 8 highs)
My view: wait for bullish reversals pattern from key support
Strategy: Buy @ 116.00, SL @115.35, TP @116.70/118.00
uj