2026/06/04 USD/JPY Trade Strategy
Today's USD/JPY call: Wait and see.
I basically have a bullish bias, but the chart isn’t very clean and the situation is hard to read.
As a near-term short trade, I’ve written a scenario to sell if price breaks below Line C, but I’ll only consider it if a good setup forms.
It’s not an easy market to buy either, so I’ll wait and see.
I’d only start seriously thinking about selling once price drops below around 159.6.
Review
No trade.
Price stayed within the range, and it was a day where I just didn’t feel motivated to trade.
As I wrote in the scenario, price broke below Line C, so shorting from the red circle, where it’s turning down (making lower highs), would have been fine.
It bounces back just shy of touching the pink target line, so it ends up as an exit with a small profit of a few 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.
