2026/07/23 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
A bullish bias is the only option right now, but with the Finance Minister making verbal intervention, I think the upside will be limited.
Technically, I keep a bullish bias until price breaks below Line C, and if it does, I’ll consider selling on a day-trade level.
Review
It went up.
On the 1-hour chart (H1), signs of higher lows appeared around 3 pm JST (06:00 UTC), so buying around there would have caught the move right from the bottom.
If you only entered after the rise had started, the first leg up is a bit tricky.
You can go long from ○1, the pullback in the second leg up.
It was a short-term trade, but the momentum was strong, so it ran quite a way.
Take profit where the 15-minute chart (M15) forms lower highs. 42pips
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.
