The major currency pair USDJPY yesterday once again swung upwards, recording a bullish daily trend as expected, supported by the strengthening of the USD Index, but still unable to break through the higher area of 159.376. On the H4 timeframe this morning, the candle appears to be swinging at the price level of 159.266, moving away from the EMA21 blue line, EMA50 purple line, and EMA200 orange line. The bullish technical support direction is also evident in the CCI14 indicator, which is currently moving up away from the neutral area of zero. In general, the trading plan to BUY USDJPY for today is still a profitable trading option, by placing a stop loss at the EMA200 support area at the price of 158.500 and a take profit target at the higher area of 160.742.
