2025/12/29 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
In the short term, the situation could be read as a sell, but I’m still thinking long.
I’d like to wait for a bounce from around 156.3 (B) or around 156 (C).
The 1-hour MA is pressing down from above, so I do get the impression the odds are a bit against me.
Review
It was Scenario B.
But price didn’t extend, so I exited. About 10 pips.
As I wrote at the start, the situation could be read as a sell, but on the 4-hour chart (H4) it wasn’t an environment for a big drop.
On the daily chart, this looked like a likely pullback within the uptrend.
So I went with a buy strategy, but in the end it didn’t extend.
Conversely, if you had a bearish bias, you could have sold from around where I closed the position.
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.
