2026/03/16 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
The 4-hour chart (H4) and higher timeframes are a buy, but it looks like the market may correct for a while.
For day trading I’m looking to sell, and if momentum fades from around the current price, it seems fine to start selling.
So this is a sell strategy aiming for the drop down to the pullback on the 4-hour chart (H4).
Review
It played out as Scenario B.
Price kept rising without losing momentum around Line B, so the trade was a short from the red circle, where a double top formed near Line A at the range high.
The risk-reward is good, so it’s an easy spot to enter.
Take profit where price touched the 159 target and formed a lower wick. 44 pips
After that, you could also look for another short on the retracement near the blue line.
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.
