2026/08/13 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

USD/JPY is starting to look like it will break out of the range and move higher.
On a short-term bias it’s already okay to buy, so I’d like to target the next pullback.

One thing to watch: the blue line just below Line A is the range high, so if price starts turning down (making lower highs) from here, sellers will come in too.
We need to stay alert for a sharp drop like yesterday’s.

You could also see yesterday’s sharp drop as having formed a 4-hour-level pullback, so I think it’s easier for price to rise today than it was yesterday.

Review

No trade.

In the first half, I waited for a pullback, but a long bearish candle appeared, so I chose to wait and see.
You could have bought from the red circle where the market made higher lows, but given the market conditions and the summer holidays, I passed on it.
Had I traded, I would have exited when the upside stalled afterward, so it would have been only a few pips.

After that, I think you could buy from the blue circle.