2025/11/03 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

It’s in a range, but basically I’m a buyer.
I think it comes down to two choices: wait for the range low, or start buying when price turns up (making higher lows) along the way.

Scenario A

Buying the dip after price breaks above Line A, the range high.
Target is 155

Scenario B

Buying from around the range low.
That said, if the upward momentum continues, price often rises without dropping that far.
If it starts making higher lows even within the range, it’s fine to start buying.
Target is Line A, and 155 if it breaks through

Scenario C

If the range low fails to hold as support and price breaks below it, we’re looking at a correction for now.
I think it’s fine to wait and see until it turns back up, but if you’re selling short-term, the target is 153.3

Review

No trade

Nothing to do today.
As I wrote in Scenario B, there were spots where you could buy short-term, but it felt like there was no need to force a trade.