2026/06/03 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
The rally is still going, but price is now reaching a key level on the daily chart.
A double top that’s clear even on the 1-hour chart (H1) has formed, and sellers are starting to take the upper hand in the near term.
I’m expecting a move lower for now. For day trading I’d like to wait for the next bounce, but I’ll only consider it once a range forms.
Review
It was Scenario B.
Price dropped sharply to the 1-hour pullback low, and a selling flow was also possible, so I chose to wait and see for a bit.
After that, it formed a long lower wick and made higher lows, so I judged it would rise again in line with the 4-hour flow and went long at circle ①.
When momentum faded near the recent high, I took profit, also taking the time of day into account. 16 pips
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.
