2026/05/12 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
I’m keeping a bullish bias, continuing from yesterday, but since price has reached a key level on the 4-hour and daily charts, I have a feeling it won’t just break straight through.
My assumption is that it won’t clear Line A just yet, so I’d like to wait for it to form a pullback first.
The opportunity will probably come from the European session onward.
For the pullback, I’ll be watching the blue line near the letter B or around Line C as a guide.
Review
No trade.
Just as price seemed to be starting to break above Line A, it got knocked down by currency intervention.
I was waiting for a pullback, so if the intervention had come a little later, a lot of short-term traders might have been caught up in it.
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.
