2026/08/31 USD/JPY Trade Strategy

Today's USD/JPY call: Sell.

On Friday, the price rallied to a pretty good level.
It has reached the price where many of those holding longs would take profit.
There’s a chance it aims higher again from here, but I think it’s fair to say that sellers have the upper hand for now in the short term.

The 1-hour chart (H1) is in a tricky spot where both buying and selling can easily come in, but I want to have a clear bias and go for it.

Review

It was Scenario B.

The move played out just as I had pictured it, but it was a bit fast, so the entry ends up feeling a little like chasing.
Short as it pulls back down from Line A, and take profit where it bounces after reaching the target blue line. 25 pips