2026/05/13 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price is near the 4-hour rally high, so it’s capped to the upside.
There’s downward pressure from currency intervention, so this is a tough spot to buy.

So the scenario calls for buying, but whether I actually buy depends on the situation at the time.
Even if I buy, the expectancy isn’t high, and there’s also the risk of a sharp drop, so this isn’t a spot to buy aggressively.

If it breaks below C, I want to look for a sell.
But for now, my bias is bullish.
That’s about it.

Review

No trade

The mood was that everyone was in wait-and-see mode.

Technically, it looks like buying from around the red circle would have been fine.
Price broke above the high of the range that held through the morning, and that level has turned into a clear support/resistance (S/R) support zone.