2026/02/16 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
It’s hard to call right now.
The bigger trend is down, while the 1-hour chart is in a directionless range. Price has been building a base at the lows, so in the short term I’m looking to buy.
If I sell, I’d consider it only after a break to the downside, but we’re near the lows on the daily chart, so it’s pretty hard to sell here.
Review
It was Scenario A.
A long from circle ①, the pullback after breaking Line A.
Take profit when price reached the line around the 153.6 target. 45 pips
The stop distance was tight too, so it wasn’t a difficult entry.
After that, you could go long from circle ②, the higher lows after the drop.
From there, after seeing the rise following the entry, you could move the stop-loss level to breakeven, take profit after seeing it stall near the pink line, or hold it over to the next day.
If you moved the stop-loss level to breakeven and set the limit at the same target of around 153.6, it would have hit take profit on the morning rise. 28 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.
