2026/07/03 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
Continuing from yesterday’s move, I’m keeping a bearish bias.
After such a big drop I need to be a bit more cautious, but for now I see it as a range between A and C.
If price fails to break above Line A and turns down, I’ll sell.
I also think the blue line near B may come into play.
Review
It was a range.
In the end, price failed to break above the blue line near B and dropped.
I went short at ○1, where price had been capped for a long time and was turning down (making lower highs).
It fell just short of the target, but downside stalling was forming at the range low, so I took profit. 35 pips
The previous day’s drop was big and volatility was high, so there was plenty of room to run.
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.
