2026/06/23 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
The flow is to the buy side, but price is reaching a major key level and there’s no momentum.
On the 4-hour chart (H4), signs of lower highs are starting to appear.
In the near term, I’m watching whether the support at the yellow price zone holds.
If it breaks below there, there’s a high chance longs won’t be an option today.
Review
It was a range.
If you were watching the chart with Scenario B in mind, you could buy from ○1.
It’s a long off 5-minute chart (M5) support/resistance (S/R) after the bounce from Line C.
After that, exit where price fails to extend and the highs start turning down (making lower highs). 10pips
That’s because neither the market context nor market sentiment was good.
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.
