2025/11/20 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

I don’t know how far it will keep rising at this pace, but my bias is buy only.
I’d like to see it form a pullback.

Scenario A

Even if it breaks straight up from here, I’ll wait for a pullback and then buy.
There’s no notable resistance above, so the target is 158.2

Scenario B

A scenario where it forms a pullback first and then I buy.
I’ll wait for around 157 as a rough pullback level.
The bullish bias stays in place until it breaks below Line C.
The target is Line A at the recent high; if it breaks above, same as Scenario A

Scenario C

If it breaks below Line C, I’ll look to sell.
Since it has risen one-sidedly, the drop is likely to be large when it does fall.
The target is 156.3

Review

It played out as Scenario A.

I buy from ○1, the lower end of the short-term range that is holding on Line A.
The rise stalls at the next green line up and the price comes back down, so I exit. 24pips

After that, the price breaks below the short-term low, so it’s a bit hard to buy.