2026/03/09 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
The price is rising after breaking above the recent high on the daily chart, and my sense is that it might climb up to the next key level around 158.9.
I’d like to buy once a pullback forms, but since the distance to the key level above is short, a deeper pullback would be ideal.
Review
It was Scenario C.
Catching the rise first thing in the morning would have been best, but I wrote the scenario after that rise, so there was no timing to buy after that.
After that, you could go short at the red circle, which is the retracement after the price broke below the C line.
It happened around dawn, so it’s a tough time of day for people who are active on Japan time.
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.
