2026/08/05 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
In the short term, the setup favors buying, but if price starts turning down (making lower highs) from here, I’d like to consider selling.
On both the 4-hour and 1-hour charts, this is a clean spot for a drop from here.
Review
It was a range.
Early on, it played out as Scenario B, and I went short from ○1, the retracement after turning down (making lower highs).
I took profit when it started turning up (making higher lows) at the range low. 22 pips
After that, price retraced back up to the range high again, so with the same idea, I went short from ○2 after it turned down (making lower highs).
Here too, I took profit when it reached the range low. 35 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.
