March 2, 2023 — Updated daily on MVS! FX Trading Strategy "Today's Move" GogoJyan edition

Hello there!
This is Tatsuron.

On March 2, from 7:00 PM, the Euro area CPI and U.S. unemployment insurance and related indicators will follow.
Today's USD/JPY trading strategy is here.

USD 1-hour chart

USD/JPY trading strategy
Long points
① Around 136.912 yenBreak
② Around 137.421 Near the Yen Break
③ 134.506～134.793 Near the Yen, reversal

Break strategy
① 136.912 yen is a recent high break and a downward trendline, with expectations of a J-counter break.
Since this is a point with substantial justification, we will pay maximum attention to a possible fake break above 137 and aim higher.
② If you break through around 137.421 yen, the force that has been entering at 137 yen will weaken. Conversely, a break below 137 yen is a long-signal.

Reversal strategy
③ Reversal in the 134.506 yen～134.793 yen range aims to test a redelivery of 135.206～135.459 as a resistance-turned-support after briefly breaking 135.
If you break out of this range once and move above 134.793 yen, place a long counter-trade.

Short points
① Around 135.206～135.495 break
② Around 133.949 break
③ Around 136.428～136.820 reversal

Break strategy
① Break of 135.206～135.495 is handled by lowering the point by one step from yesterday.
Involving the nearest low of 135.206, break the 1-hour SMA200 and an upward trendline.
For an early entry, 135.895. Entry within a range with higher risk-to-reward.
② The vicinity of 133.949 is a place to carry through a short. Watch for a reversal near 133.596.

Reversal strategy
③ 136.428～136.820 is a recent resistance zone.
Countering shorts here is high-risk but can be quite profitable.
Keep trying until it breaks through.

Thank you again for reading today.