FX Today's Trading Strategy 10/25

EURUSD Euro Dollar

・Yesterday's trades

Yesterday was range-bound around last week's high near 0.9875.

It looked like it was forming a ceiling area, but there was also strong upside pressure, so no trade.

・Market environment and today's strategy

The current rate is near the upper bound of a daily-chart downtrend channel.

Even if a breakout occurs, a period of range-bound movement with some width is expected.

First, focus on whether the 0.9875 last week's high can be broken.

Movement around the daily-channel upper bound at 0.990 is today's focal point.

USDJPY US Dollar/Yen

・Yesterday's trades

There was a sharp drop in the morning yesterday. There were also whispers of intervention.

Entered long after confirming support at the weekly low near 146.15.

Exited when price activity subsided. +258 pips

・Market environment and today's strategy

On Friday last week and yesterday's drop, many long positions were closed out.

Since it has not clearly broken below the important level 146.0, there is a possibility of challenging higher levels again.

We will continue to approach with a strategy tailored to each strong support level.