2026/05/14 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

I’m keeping a bullish bias, continuing from yesterday.
Price has been making higher lows the whole time, and it has finally reached the 4-hour rally high.
The daily chart has formed a clear double bottom, so technically, if price breaks through this price zone, it’s likely to keep rising.

On the 4-hour chart the trend is still down, and since we’re near the rally high, I also need to keep in mind a scenario where price drops from here.
The zone below B gets tricky, so unless a clear setup forms, I’ll wait and see.

Review

No trade

Price finally broke through the key level and rallied, but was there a good moment to buy? Not really.
With the fear of currency intervention, I couldn’t buy from an in-between spot and just leave the position running.
It would have been nice if it had been a selling setup instead.