2026/01/29 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

The near term is still falling, but price has reached an area where downside stalling may be coming soon.
If it starts turning up (making higher lows) from here and shows signs of a rebound, I’ll consider buying.

Both the daily chart and the 4-hour chart are falling, so I’d first like to aim for the recent high on the 1-hour chart.

Review

It played out as Scenario B.

A long from around the red circle, where the decline stalled and price started making higher lows.
It didn’t reach the target, so I took profit as price turned down from the pink line around 153.5. 44 pips