2026/01/19 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
Price has reached a good spot for selling the rally.
My bias is basically bearish, but the daily chart is in an uptrend and price is at a level that could be seen as a pullback, so keep that in mind.
I think it’s likely to head lower for now, but it could also stop falling around the green line near 157.6, form a double bottom and then rise… so if that happens, it seems better to close out once and watch the next move.
Review
No trade.
I waited with the plan to sell if price started turning down, but instead of turning down it pushed up another leg.
You could also try selling from the red circle, where it turned down afterward.
In that case, price rises without breaking the low, so you’d exit before taking a loss.
That’s because the short-term flow is to the upside.
After that, there’s nothing in particular to do with a bearish bias.
You could pick up small gains going long with short-term trades, but that’s up to your preference…
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.
