2026/07/15 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

The market context is an unclear range, so it’s still a hard market to get involved in.
If I do trade, I think it will be short-term trades, identifying the key levels and taking quick moves from one line to the next.

In the near term, the red line around B is holding, so if price finds support there, I’d like to buy.
That said, highs have been turning down (making lower highs) the whole time, so I need to be careful about that.

Review

Range continues

Price made higher lows off the bottom of the 1-hour range, and I went long from the pullback low on the lower timeframes.
If you’re watching the 1-hour range, this is a spot where you can keep buying up to the range high, but looking at the 15-minute chart alone, I think it could also look like the highs were turning down (making lower highs).
The risk-reward isn’t that great here, so I think it’s fine to skip this one. 20pips