2026/02/25 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price has broken out to the upside from a hard-to-read range. I’d like to wait for a pullback and buy.
On the daily chart, the room to run in both directions had been narrowing into a consolidation pattern, so the 1-hour chart (H1) has been ranging since yesterday.
It looks like price has broken out of the consolidation to the upside, but there’s also the possible outcome where, by the end of the day, the daily chart has formed an upper wick and dropped. So even after getting in on an entry opportunity, it seems better not to take your eyes off it.
I’ve written a sell target just in case, but for now it’s hard to take a bearish bias.
If I do switch to a bearish bias, I think the market conditions will have changed as well.
Review
No trade
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.
