2026/08/28 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price is still near the highs on the 4-hour chart (H4).
It’s gradually turning up (making higher lows) and upward pressure is building, but I think there’s also a chance it loses momentum again and drops.
I don’t use trend lines much, but one can be drawn like the blue marker, so it might be worth keeping an eye on as one point of reference.
Review
Price moved up.
Early on, price broke above Line A, so I went long at ○1 on the pullback that followed.
This was a clear setup and an easy one to enter.
Price rose and started turning down just before the pink line, so I took profit. 16pips
After that, when price came back to Line A again, I was aiming to catch the 1-hour-level rally, but the price action was choppy and difficult.
In the end, price reached the target of 160.2 and that was it, but I think even if I had held, I would have been taken out with a breakeven exit on the drop at 11 pm JST (14:00 UTC).
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.
