2026/01/14 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price has been stuck near the highs on the weekly chart for a long time, but it now looks like it’s about to break higher.
If it breaks out here, the flow will be toward the 162 yen high set in July 2024.
Technically, buying is the only option, but yesterday’s news mentioned that officials are “concerned about one-sided yen weakness,” so the market may start to grow wary of government intervention.
In day trading, all you do is enter according to your rules and let it settle with either a take profit or a stop loss.
Review
It dropped.
The market context has changed since the morning chart, so this is outside the plan, but a short from the red circle is possible.
GBP/JPY had a tricky shape, but USD/JPY had a tradable one.
Take profit at the downside stalling near the next horizontal level below. That’s about 50 pips.
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.
