2026/01/07 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price is squeezed between 1-hour resistance and short-term support, and the higher timeframe is ranging.
It’s a bit of a tricky spot, so it seems best to trade carefully while watching how firm the key levels are.
If it drops from here, it looks like it could go as far as the daily chart range low around 154.6.
Review
Price moved down.
Short from circle ① on the pullback.
However, price started making higher lows, so it ended in a breakeven exit.
Given that the market context was not a downtrend, and that price had already touched the 156.3 target before circle ①, I think you could sense signs of a reversal to the upside.
Circle ② after that was a very easy buy.
It was during the late-night hours, so it’s tough, but if you were watching, I think buying there was fine.
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.
