FX Today's Trade Strategy 9/15

〇EURUSD Euro Dollar

・Yesterday's Trade

Yesterday was in a range around the 1.0 bottom with no clear direction.

No entry criteria met, no trade.

・Market Environment and Today’s Strategy

The Tuesday downward move halted at 0.9950 but is range-bound with no clear direction.

However, there may be a trend developing today, so preparation is warranted.

If support holds at 0.9950, consider a long.

If it breaks below, there are no major supports until 0.990, suggesting short-term shorting opportunities.

〇USDJPY Dollar-Yen

・Yesterday's Trade

Yesterday, there was a drop around midday following statements suggesting possible government intervention.

It was an unexpected move, so I watched closely.

・Market Environment and Today’s Strategy

A large inverted head and shoulders top is forming on the H4 level.

The neckline of this W-top is at 141.50; if broken below, there will likely be many traders turning bearish.

Current rate 143.0 is well below the 145.0 high, and the neckline is nearby, making shorts risky?

If it attempts to test a higher price, I would look to sell.

Additionally, around 142.50 or 142.0 seems to be a support level, so if it stops the decline there, I would look to go long to test higher prices.