2026/07/07 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
I still have a bullish bias, but the situation is getting tricky.
The 4-hour chart (H4) has turned into a range, so the consolidation may continue for a while.
I’ll wait and see for a bit and watch closely which price zone the market focuses on.
Review
No trade
Price had broken below the C line, so I was watching with a bearish bias, but there was no moment that made me want to trade.
On the 4-hour chart (H4) it just looked like a pullback, so I wasn’t keen on selling into it either.
Looking at the 15-minute chart alone, the area circled in red would be a place to consider selling, but given the market context I passed on it.
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.
