2026/09/30 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
Selling for now. As long as price doesn’t break above Line A, I’m thinking sell.
That said, I feel the chances of a break to the upside are increasing.
If it breaks above, I’ll switch to buying.
Review
No trade.
Since this played out as Scenario A, you could also have bought around the red circle.
It’s a little above Line A, which is where I had expected it, but price often reverses at the tip of an upper wick like the one shown by the dashed line.
However, if you buy from the red circle, the stop-loss level ends up quite far away, and the blue line just above will act as resistance, so the risk-reward isn’t good.
I think there’s no need to force a trade here.
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.
