2026/10/20 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
For now, there’s no particular reason to sell, but since price is near the range high, it’s not a situation where I’d aggressively buy either.
I want to see whether price holds the current price zone and keeps rising, or drops back to around the range low first.
In the short term, selling on a drop, along the lines of the blue arrow, is also an option.
Review
No trade
Following the basic strategy of riding the 1-hour swings in the direction of the trend, there was no trading opportunity.
That said, you could take the drop that formed the pullback, shown by the blue arrow, as a short-term trade.
After that, price drops to the range low, so buying from around the red circle is a valid option.
This is countertrend trading against the 1-hour flow, but it’s a promising spot as a 4-hour pullback.
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.
