FX Today's Trading Strategy 8/26

EURUSD Euro/US Dollar

・Yesterday's Trade

Yesterday, it broke through the H4 moving average that was considered resistance, but I watched for a pullback as a precaution and skipped it.

It developed as per the morning scenario.

・Market Environment and Today's Strategy

Buying pressure from the monthly low of 0.9950 is occurring, but selling forces still leave a strong impression.

However, it has broken above the H4 moving average and there is a sense of a bottoming at 0.9950.

If it appears to hold around 0.9950, I would consider buying.

However, there may be no movement during the day due to later tonight's data releases.

USDJPY Dollar/Yen

・Yesterday's Trade

Yesterday, at around 137.23, the weekly high and the previous day high created a downward-sloping double top, and I went short as it started to fall.

Exited at around 136.50 on a rebound. Result: +36 pips.

・Market Environment and Today's Strategy

The price level of 136.50 seems to be in focus.

A struggle between support here and what appears to be resistance from the H4 moving average is expected.

The range between support and resistance is narrow, so trading within this range may be difficult.

If it breaks to either side after tonight's data release, could be a chance?

But be mindful: the weekly high is also a potential upper limit!