2025/10/20 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Friday closed as a bullish candle, and the daily chart has formed a pullback and is starting to look like it’s heading up.
For now, the goal is a break of the 4-hour rally high.

Scenario A

The current price zone is near the highs on the 4-hour chart, so it’s a bit hard to buy here.
Scenario A, going long on a break above the recent high, doesn’t have particularly high expectancy either.
If there are signs of a breakout, like several attempts at the high with lows turning up (making higher lows), I might get in?
The target is 151.4, but I’d want to enter on the assumption that it breaks through.

Scenario B

This scenario is buying a bounce from the price zone between roughly line B and line C.
Target is 151.4

Scenario C

If price breaks below line C, the flow suggests it might turn into a somewhat deeper pullback?
That said, the bigger picture is still a bullish bias.
This scenario is to quickly take the short-term drop down to the deeper pullback if line C breaks.
Target is 150.3

Review

No trade

Nothing in particular to do.