2026/10/29 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
For now I have a bullish bias, but if price breaks below the C line, which is currently acting as support, I’ll switch to selling.
USD/JPY is one to watch today.
Price is currently near the range high on the 4-hour chart (H4), so if it breaks below the current price zone, it could turn into an H4-level decline.
If it goes up, there may not be much room to run.
Review
It was Scenario B.
I went long at circle ①, where signs of turning up (making higher lows) appeared near Line C.
This was the range low that had been in focus since the previous day, so it was an easy place to enter.
After that, I took profit when price reached the recent high. 34 pips
Since we were near the highs, it was a price zone where caution was warranted, and I also wanted to close out before the data release.
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.
