2026/06/18 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
With the rally after the FOMC, price is starting to break out above the highs of roughly the past two weeks.
I think the market is still wary of intervention, so it’s hard for price to shoot up in one go.
In the near term it’s ranging, so I’d like to identify the range low before getting in.
For now I’m assuming a range from A to C, but I can’t really tell until I see a bit more of how things develop from here.
Review
It was Scenario B.
As time passed, it became clear that the pink line was working as support.
Within that, the sign of a breakout above the small range appeared at ○1. Going long from here would have been ideal.
Price kept climbing, so there was no good moment to take profit.
The flow was to set the stop-loss level at the 5-minute chart (M5) pullback low, go to bed, and then take profit when the sharp drop came in the early morning. 70pips
If you bought after the break of Line A, the entry would be ○2.
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.
