2026/10/27 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price is already starting to break higher, but for now the scenario remains as shown above.
I’d like to wait for a pullback first.

Since price is starting to clear Line A, if it does, I think it’s fine to not pay much attention to the lower zone and treat Line B as the floor instead.

It could eventually rise all the way to the daily chart’s range high, but on the 4-hour chart this is a price zone where selling pressure should start kicking in, so even if it does go higher, I expect it to form a pullback wave first.

Review

It was Scenario A.

Long from where price turned up off the support/resistance (S/R) after breaking above Line A.
Take profit when the target was reached. 17 pips

I considered an entry around the blue circle, but buying at that point would have been countertrend trading, and the stop-loss level was far away, so I passed.
I would have liked to buy on a small double bottom followed by a turn up, but price rose right away, so there was no timing for an entry.