2026/06/10 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price is still near the highs on the daily chart.
It keeps making higher lows, so it’s starting to look like it wants to break higher.
If I buy, I’d like to wait until it comes down to the range low, but it may rise from here without dipping.

If you buy after it breaks higher, watch out for a false breakout.
When price breaks a daily-chart key level, it can look like it has broken out on the 1-hour or 4-hour chart and still come back.

Review

No trade

If I were to buy, it would be around the red circle, but given the time of day, I wouldn’t take it.