2025/12/19 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price spiked up briefly and has come back down, leaving a long upper wick on the 1-hour chart (H1), but I’m still looking to buy.
From here, it looks like we can aim for a pullback around the price zone at A.
If price breaks above this price zone, it will break out of the 4-hour range, which puts the recent high on the daily chart within reach.
Review
It was Scenario A.
Right after I posted the scenario, price bounced off the pink line and rose, just as I had drawn with the A arrow.
After that it climbed in a straight line, and I took profit at the blue line at 157.37, right as it started to look like a double top. 120 pips
This blue line is a horizontal line I drew around June last year, and old horizontal levels like this often keep working even as time passes.
This article reflects the author's personal view of the market. It does not recommend any specific trade; all investment decisions are your own responsibility.
