2026/04/08 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
It’s dropped sharply since the morning, so there’s been no opportunity so far.
For now I’ve put together a scenario based on the current situation, but it’s a short-term trade scenario.
Ideally I’d wait for a 1-hour-level retracement before entering, so in that case, waiting for a reversal after price rises above Line A is also an option.
After a big fundamentals-driven move, price often doesn’t come back, so in that case the only choice is to grab small gains with short-term trades.
Review
It was Scenario C.
This was selling the rally after the price broke below Line C.
I went short when the price started turning down from the price zone near the 15-minute rally high.
I exited when the decline stalled near the recent low. 33 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.
