FX Today's Trade Strategy 9/22

EURUSD Euro Dollar

・Yesterday's Trade

Yesterday, as in the morning scenario, I aimed for a short position to break below 0.9950.

There was a previous low around 0.990 last month, so I exited when the price touched that level. About +26 pips.

The subsequent movement was postponed due to the FOMC.

・Market Environment and Today’s Strategy

The key rate 0.990 has been confirmed as a resistance after the FOMC move.

The chart pattern shows a clear downtrend.

I’d like to sell after a pullback, but I want to determine how far it will retrace.

Currently descending along the H1 moving average, and I see that level as a near-term target.

USDJPY Dollar Yen

・Yesterday's Trade

As in the morning scenario, many traders were biased to the upside, so I went long at a bottom around 143.50.

Exit before the FOMC with a close on the H4 timeframe. +67 pips

・Market Environment and Today’s Strategy

Currently testing the weekly high around 144.50–145.0.

If a top forms here, it could create a significant triple top with last week and the week before.

If a triple top is formed, a strong sell-off may follow.

I want to pay attention to price action around 144.50.