FX Today's Trade Strategy 10/3

EURUSD Euro-Dollar

・Friday's Trade

On Friday, as the morning scenario suggested, I bought as a pullback at 0.9750.

Perhaps due to it being the weekend, it didn’t rise much afterward. +1.4 pips

・Market Environment and Today's Strategy

As expected, 0.9850 is being watched, and selling is coming in.

This rate is a retracement-selling point from the previous two-week downwave.

A level to watch today is 0.9850.

I want to pay attention to the price action at this level.

If it forms a descending W-top, I see a shorting opportunity.

USDJPY Dollar-Yen

・Friday's Trade

Friday, near the previous day's high, a W-top formed, so I went short.

I thought it would reach 144.0, but it turned around before that, so I exited. About +16 pips.

・Market Environment and Today's Strategy

Selling pressure from 145.0 still seems strong, but on the other hand the daily low has been rising.

A break of 145.0 should also be considered.

That said, moving above 145.0 carries the risk of BOJ intervention, so I want to avoid being swung by the market.