2026/11/05 USD/JPY Trade Strategy

Today's USD/JPY call: Sell.

My bias is to sell, but this one is a bit tricky.
The daily chart hasn’t moved at all, so I don’t think we can expect any big moves.

If price just keeps grinding lower from here, there may not be an entry opportunity.
It would be easier to sell if price pulls back up to around Line A first.

If it drops, there’s a chance it will take some time to find a floor around Line C and then reverse.
In that case, buying also becomes an option.
It’s a situation where your view depends on which timeframe you focus on.

Review

No trade

There was no spot to enter in line with the scenario.

The long from near the C line, which I had marked with the blue marker, was possible, though.