2026/01/22 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
The higher timeframe had been stalling for several days, but it’s now in the process of forming a pullback on the daily chart.
If you bought the pullback around 10 am JST (01:00 UTC), hold. If you’re looking to get in from here, either wait for price to come back to the range low once more, or look to buy the dip after a range breakout.
The C line is the neckline of the 4-hour double bottom (inverse head and shoulders?), so I’d like to catch the move up from here.
Review
The price went up, but the entry opportunity we expected in the scenario never came.
The only chance was the red circle around 10:30 am JST (01:30 UTC), before the scenario was posted.
Lately, opportunities have often come early in the morning, and the article often isn’t published in time.
Well, these things happen…
If you had entered at the red circle, you would take profit when the price reached the green line around the 158.8 target.
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.
