FX Today's Trading Strategy 8/23

〇EURUSD Euro-Dollar

・Yesterday's Trade

I thought 1.0 would act as a strong support, so I did not enter because a break below 1.0 could be a fakeout.

As a result, it even broke below 0.9950.

・Market Environment and Today’s Strategy

It’s a situation where the previous month's low 0.9950 has also been broken.

A weekly-class downtrend is present.

I would like to consider shorts after confirming a reversal at key levels such as the previous month’s low.

Today’s focus is 0.9950, but there could be a sizable pullback back toward around 1.0 as a return move.

〇USDJPY Dollar/Yen

・Yesterday's Trade

Break below 137.0, regarded as a key level, but long entered when a W-shaped bottom formed just below that on the M15 timeframe.

Held through midnight for a profit of +48 pips.

・Market Environment and Today’s Strategy

The uptrend continues.

There is still room up to the previous high of 139.0, but the H4 neckline is at 137.50.

There is a possibility of a pause at the neckline of the previous high at 137.50, so be cautious with long positions around this level.

If it breaks upward, I would aim for 139.0.