2026/02/02 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price has broken through the 4-hour key level too, so I have a bullish bias.
The daily chart is still heading down, but there’s room to run up to the retracement target, so for day trading I’m looking to buy.
On the 4-hour timeframe, the pullback could go deeper, so it looks like I’ll need to be careful picking my entry timing.
Review
It was Scenario B.
I went long around the red circle, the pullback after the bounce off Line C and the zone above it.
It was an easy entry point to spot.
I took profit where the rise looked like it was stalling at the 155.5 target. 70 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.
