2025/06/05 USD/JPY Trade Strategy

The USD/JPY trade strategy for 2025/06/05 is to sell.

It looks similar to GBP/JPY, but I’d say the key levels are a bit easier to read than on GBP/JPY.

Scenario A
Price is currently stalling near the recent low on the 4-hour chart and has already formed what looks like a double bottom, so if it breaks higher, I’ll buy.
The target is around 143.3.

Scenario B
Sell from the current range high.
The double-bottom look bothers me, so be careful with entry timing.
The target is around 142.3

Scenario C
Selling the rally after a break below, but I don’t really want to sell at the support/resistance (S/R) from the recent low.
The line around 142.3 is likely not to break easily, so the risk-reward isn’t good.
As drawn on the chart, what I have in mind is selling after price breaks below and then comes back into the range once more.

Review

It was a buy under Scenario A.
There were about two entry opportunities around ○1.
Price reached the target smoothly and kept rising, so I held.
After that it started to come down, so I’d take profit at the target line for now. 32 pips

After that, wait and see.
Judging from the move on the data release that it was a buy again, I went long once price came back to line A.
This is a pullback low, so the risk-reward is good too.
From there it rose without any pullback, so I left it alone for a while.
Took profit when a long upper wick and a bearish candle appeared. 83 pips