2026/02/06 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
It feels like the daily chart might put in its retracement around here.
At the day-trading level, this is still a price zone where people are buying, but if price breaks below the current price zone, selling looks likely to accelerate.
In the near term I’m waiting to sell the rally, and I’m watching the yellow line near the letter B as the first candidate level.
Review
It was a range.
Going with Scenario B, I shorted from circle ①.
However, price rebounded sharply near the recent low, so I exited.
The shape also formed a double bottom with higher lows and was showing signs of rising, so I wouldn’t hold.
After that, price turned up (making higher lows), so I judged it a bullish shift and could buy from circle ②.
In the end, it failed to break above the recent high and finished in a range.
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.
