2026/10/28 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Momentum is fading, but I’m keeping a bullish bias.
Price is in what you could call near the highs, so I’ll also keep in mind the possibility of a turn lower from around here.
On the bigger picture, I see this as movement within the daily chart range of 156.3–158.9.
It’s a good idea to trade while staying aware of where price sits within that range.
Review
It was Scenario B.
Price came down to the C line, and I went long once it started turning up (making higher lows) on the 5-minute chart (M5).
The stall at the blue line on the way up is a spot where you might be torn about whether to close out.
But the lower timeframe kept making higher lows, so the call is to hold.
Take profit when price reached the next pink line up.
With the FOMC coming up, I judged it better to close out at a clean level. 50 pips
This article reflects the author's personal view of the market. It does not recommend any specific trade; all investment decisions are your own responsibility.
