FX Today's Trade Strategy 9/19

〇EURUSD Euro-Dollar

・Friday's Trade

I noted that a W-shaped bottom formed at the rate of 0.9950, so I went long on a breakout below that support range.

About +40 pips in profit.

・Market Environment and Today's Strategy

We're seeing a potential pullback buy in the uptrend that began two weeks ago.

There is growing focus on whether it can be supported around 1.0.

If it can be supported at 1.0, I would consider a long entry.

If it falls below 1.0, it could still reach 0.9950, but that level may also become a strong support.

Be careful about buying near the Friday high, as there may be a pullback.

〇USDJPY Dollar-Yen

・Friday's Trade

There was a sell-off from 143.50 on Friday, but timing wasn't right, so no trade was taken.

Thereafter, due to weekend considerations, it was left untraded.

・Market Environment and Today's Strategy

The upside has been heavy since the latter part of last week.

That said, the selling pressure doesn't appear to be very strong.

Will there be little movement until the FOMC on Wednesday?

Until Wednesday, no aggressive movement is expected.

In particular, today the UK and US markets are closed, suggesting thin trading.