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Trader Journals:::2026-03-20T03:14:52

USD/JPY

USD/JPY, Friday, March 20, 2026

USD/JPY

The major currency pair USD/JPY yesterday recorded a strong bearish daily trend to the price level of 157.520. This morning on the H4 timeframe, a candle is seen swinging upwards towards the price level of 158.183, moving away from the dynamic EMA200 orange support line and being held below the dynamic EMA21 blue resistance line along with the purple EMA50. Meanwhile, the CCI14 indicator appears to be starting to swing upwards, leaving the oversold zone. In general, a trading plan to BUY USD/JPY for today would be a profitable choice, by placing a stop loss around the lower 157.500 area and a take profit target around the higher 159.900 area.
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