2026/09/07 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
Price has fallen about as far as it can, so it looks like it will take a little time before the next move.
Will it drop further on the daily chart, or pull back up once first?
In the near term, I see sellers in control as long as price doesn’t break above the current price zone.
It would be nice to get a chance to go short from a clear key level.
Review
It was Scenario B.
This was a short from ○1, where price was turning down (making lower highs) near Line A.
Price blew straight through the target, so I took profit once it started to look like it was turning up (making higher lows) on the 15-minute level. 180pips
The bigger trend may be down, but the momentum of this drop is incredible.
The weekly chart also looks like it could be heading for a bearish shift.
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.
