2026/06/12 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price has made a V-shaped reversal after last night’s sharp drop.
Normally the area around Line A would be a good price zone for selling the rally, but the rebound has so much momentum that I can’t sell yet.

For now, it looks better to buy along the recent upward move.
If it loses momentum at some point and starts turning down (making lower highs), I’ll switch to looking for sells.

Review

Neither up nor down.

Early on, as per the scenario, I went long on the pullback after the break above Line A.
It didn’t rise much and started losing momentum, so I exited. It was about 3 pips, but basically a breakeven exit.

After that, there was no clear direction either way, so nothing to do.