2026/03/03 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

It’s ranging right now, but given the recent trend I’m staying with buys.
Price is near the highs on the daily chart, so it feels like momentum has stalled.
If it breaks above here, I can picture a move up another leg toward around 159 yen.

Even if it drops, I think the downside will be limited.

Review

It was Scenario A.

I went long at the red circle, on the pullback after the break of Line A.
I took profit when price lost momentum near the recent high. 18 pips
With the daily chart near the highs, this was a spot to stay wary of a drop.

After that, price made lower highs, so I finished the day with wait and see.