2026/09/03 USD/JPY Trade Strategy

Today's USD/JPY call: Sell.

The 4-hour uptrend has broken down, and the flow has shifted to a continuation of selling on the daily chart.
From here, I’d like to ride the downside momentum.

One thing to watch out for is that price is now near the recent low on the daily chart, so it’s an area where profit-taking buying is likely to come in for a while.
I think it’s best not to rush, wait for a retracement, and then look for a short.

Review

It dropped.

It fell without any real retracement to speak of.
The scenario also had to be updated several times.

There were two easy spots to trade.
The first was a short from ○1, the retracement after price broke below the blue line around 157.9, the lower edge of the price zone where profit-taking buying comes in.
The second was a short from ○2, where price pulled back after profit-taking and then headed lower again.