2025/06/16 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price action is raising the question of whether it’s heading for the daily chart key level once again.
That said, the 4-hour chart is in a range with no clear direction.
I think the 145 yen resistance zone will continue to be in focus.

Scenario A
If it breaks higher, I’ll wait to buy the dip.
This is a long aiming for the 4-hour range high.
Target is around 145

Scenario B
Buying a bounce off the line around 144.2 would give a clean move up.
So far this looks like the most likely scenario, but the short term is currently pointing to selling, so be careful with the timing of a long.
Target is around 145

Even if it breaks below 144.2, I keep a bullish bias down to around 143.9.
I’m writing this as B’, but since the 1-hour chart is in a range, I’d enter only after seeing something like higher lows.
In this case, it’s better to lower the target to around 144.5.

Scenario C
If it breaks below around 143.9, that’s clearly a sell.
I’ll wait for a retracement and look to go short.
Target is around 143.

Review

There was no entry opportunity that matched the scenario.

There were plenty of spots where you could have gotten in with scalping, though.