2025/06/03 USD/JPY Trade Strategy
The USD/JPY trade strategy for 2025/06/03 is to buy.
Price had been steadily sliding lower, but signs of a reversal have finally appeared.
From here, I think a bullish bias is fine for day trading.
For now, let’s wait for a pullback.
Scenario A
The candidate pullback zone is around Line A, 142.9 to 143.
It could pull back a bit deeper, but there aren’t really any lines that serve as a good guide.
Think somewhere around the 50% retracement level, or near 142.75.
First target 143.5, and 144 if it looks like it will extend.
Scenario B
If buying, the last line of defense is around Line C at 142.5.
If price drops this far, it may already have made a bearish shift, so be careful not to end up in countertrend trading.
Scenario C
If it breaks below, sell, but there is a daily chart support line just below around 142.3.
I’ll look for shorts while keeping in mind that price may bounce from there.
It depends on the situation, but it’s better to aim for the retracement after a break below 142.3.
Target around 141.5
Review
The first opportunity was the ○1 long from Scenario A.
It’s a shallow pullback, so I’d time the entry carefully, but you can get in from ○1.
However, price fails to break the line, forms something like a double top and loses momentum, so it’s an exit. 12 pips
After that, price drops, and on the 15-minute level I read it as a bearish shift.
Going short at ○2 is OK.
But here too, price doesn’t follow through to the downside and rallies off higher lows, so it’s an exit at breakeven.
○2 runs counter to the flow on the 1-hour chart (H1), so it’s a spot to enter with the bias of grabbing a quick profit scalping-style and closing out right away. If price moves differently from what you expected, exit immediately.
After that, you can go long at ○3 as price rises again.
At this point you can picture the 1-hour chart (H1) forming a pullback and heading higher, and there’s also support from the MA.
If you want to play it safe, take profit around 143.5 before the data release. 50 pips
That said, the risk isn’t that large, and given the unrealized profit, you can hold it.
If you hold, take profit when the 144 target is reached. 100 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.
