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Trader Journals:::2026-04-13T04:43:24

USD/JPY

USD/JPY, Monday, April 13, 2026

USD/JPY

The major currency pair USD/JPY opened this morning with a significant UPWARD GAP, moving further away from last week's lower area at 157.890. This afternoon, on the H4 timeframe, candles are still swinging upwards at a price level of 159.749, distancing from the dynamic EMA21 blue line crossing with the EMA50 purple line, both above the EMA200 orange line. Meanwhile, the CCI14 indicator appears to still be swinging at the peak of the overbought area. In general, a trading plan to BUY USD/JPY for today would be a profitable choice, by placing a stop loss at the support area of 159.000 and a take profit target at the resistance area of 161.000.
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