2025/09/09 USD/JPY Trade Strategy

Today's USD/JPY call: Sell.

In the end, price couldn’t break above the key level on the daily chart and is moving lower.
I guess it’s heading for the range low on the daily chart.
For now, I’m waiting to sell the rally.

Scenario A
If price breaks above the Line A area, I’ll switch to a bullish bias.
Expecting a move back toward the range high, I’ll look to buy the dip.
Near-term target is 147.9

Scenario B
Price has broken out of the range and is falling, but if it makes a big retracement, I see it reaching around 147.4.
It’s likely to come back up in short-term upward waves, so in that case I’ll look for a short once the upward move breaks down.
Target is 146.7

Scenario C
Assuming the current decline continues, the blue line around 147.2 is a strong candidate for selling the rally.
Target is the same as Scenario B.
If price keeps falling without retracing, I’ll rebuild the strategy.

Review

No trade

Price moved up and down, but there was nowhere to enter.
The daily chart is in a narrow range, so it can’t be helped.