2026/05/15 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price broke through the 4-hour key level, a bullish shift. The daily chart also has a bullish bias for now.
There could be one more pullback before a real rally, but the first leg up after the break is still running.
As for how far this move goes, I’m looking at around 158.7.

For day trading, I’d like to ride that flow and buy, but I’ll wait for a 15-minute pullback before buying.
The rough guide is a bounce from around the C line, but if momentum is strong, there’s also the pattern where it bounces from around the pink line just above B.

So technically it’s a buy, but it looks like I’ll be buying while nervously watching for intervention.

Review

No trade

In the end, price found support at the pink line near the letter B and moved higher, but on the 15-minute chart (M15) it felt a bit hard to buy.
Considering that it was also capped to the upside, there was no need to force a trade.