2026/08/20 USD/JPY Trade Strategy

Today's USD/JPY call: Sell.

With yesterday’s drop, every timeframe from the daily chart down has turned to a sell.
Naturally, that means thinking about a selling strategy, but in the short term the chart is starting to look like it wants to go up.

Right now, price has broken below the 4-hour range and reached the selling-the-rally point.
If it gets above here, I think it’s fine to consider buying in the short term.

To sell, we need to wait a little longer.

Review

It was Scenario A.

Early on, price broke above Line A once, but it didn’t form a pullback and made a “round trip,” so I waited and saw for a bit.
After that, price broke above Line A again, and I went long at ○1, where it started rising from an S/R flip bounce.
After that, I took profit where the upward momentum started to fade near the pink line. 38pips