2026/10/30 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
The pair has been falling since the morning and has broken below yesterday’s range.
However, rather than continuing to drop sharply, it has settled into a range one level lower.
The basic strategy is to watch the price action near the range high and sell once the upward momentum fades.
Review
It was Scenario B.
Price pulled back to right around Line A, and I went short at ◯1 as it dropped out of a small range.
The downward momentum was strong, but this is a price zone prone to sharp V-shaped reversals, so I took profit early after seeing a double bottom on the 5-minute chart. 38 pips
After that, I think it would also have been fine to look for another short from the blue ◯.
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.
