2026/10/12 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Technically this is a spot where I’d like to look for buys, but fundamentally it’s a hard market to buy into, and that seems to be showing up on the daily chart too.
The chart just doesn’t feel like it has any energy, so I guess the plan is basically to wait and see, and think about getting in if price comes down to the range low.
It looks like a two-tier range may be forming between A and B, so for a short-term trade, trading with the yellow arrows in mind is also an option.
Review
It played out as Scenario A.
Price rose without breaking short-term support.
The long entry came on the turn up (higher low) after price broke above Line A. ◯1
After that, taking the time of day into account, I took profit at the point where it looked like it was about to pull back. 26 pips
Since it was still rising here, holding was also an option.
In that case, I would set the stop-loss level slightly below the blue line with the yellow marker, so the position would have been closed at the limit around dawn.
In terms of market conditions, it’s ranging near the highs, so it may be wise to take profit while there’s still room to run.
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.
