2026/06/30 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price just broke through a key level on the monthly chart.
It has also broken above with candle bodies on the 1-hour and 4-hour chart (H4), but we still need to stay cautious.
First, I want to see whether it comes back to the broken line and forms a pullback.
Review
The price rose.
As for Scenario A, the price was in the process of making new highs, so as of the morning I hadn’t been able to draw a horizontal line.
After that, the highs were capped several times, so I drew the pink horizontal line.
I went long at ○1, the pullback after the price broke above that pink line.
In a price zone with nothing to use as a yardstick, taking profit is difficult, but there’s no doubt this was the late stage of the day’s run-up, so I took profit where the rise stalled on a short-term bias. 22 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.
