2026/10/26 USD/JPY Trade Strategy

Today's USD/JPY call: Sell.

My bias is to sell, but the area around line C is right at the range low on the daily chart.
A break below here looks likely to lead to further downside, but at the daily chart level this isn’t a place to be selling right now.

That said, I see the 1-hour chart (H1) range as running from A to C, and as long as price doesn’t break out of this price zone, I’d like to sell.
The trade management is to hope for a break below the daily range low, and close out if the decline stalls at the low.

Review

It was Scenario A.

Price broke out above the range without turning down (making lower highs).
As expected, since this was the range low on the daily chart, the market moved up for the time being.

The trade was a long from circle ①, the pullback after price broke above the A zone.
I took profit when price stalled after reaching the 157.6 target. 24 pips