2026/05/21 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price is moving in a pure range around a key level on the daily chart.
Treating A to C as the range width, it’s better not to jump in carelessly at in-between levels.

If you’re going to buy, do it from the range low.
On the other hand, if price stalls at the range high, selling there could also work.

If it breaks below the range, it might drop sharply.

Review

No trade

USD/JPY has come to a complete standstill.
It’s fine to leave it alone until price breaks out of the A–C range in either direction.

If you want to scalp small moves, you could start buying around the red circle, but since that’s right in the middle of the range, if you’re going to trade in a spot like this, you’re better off looking at other currencies.