2026/06/08 USD/JPY Trade Strategy
Today's Call
Direction
Buy
Buy target
160.8
Sell target
159.7
Today's USD/JPY call: Buy.
The price has continued its slow grind higher since last week.
It has now reached the area near the highs on both the daily chart and the weekly chart.
Daily chart ranges usually don’t break cleanly, so we need to keep in mind that the rally could stall around here.
Technically it’s still a buy, so I’m waiting for a pullback to go long.
Review
It was a range.
Since price dropped, I went short from circle ① with Scenario C in mind, but it didn’t fall.
I exited as it started turning up (making higher lows) from near the line. 7pips
USD/JPY still looks tricky.
Estimated pips for this day
+7.0 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.
