March 3, 2023 FX Trading Strategy "Today's Move" GoGoJyan Edition

Hello there!
This is Tatsuron.

The first week of March is almost over.
Here is the USD/JPY trading strategy!

USD 1-hour chart

USD/JPY Trading Strategy

Long Points
① Around 137.089 to 137.421 yenBreak
② Around 138.171 Near the yen, Break
③ Around 132.896 to 133.211 yen, reversal

Break Strategy
① Break near 137.089–137.421 yen is the expectation of a higher high and that previous support won’t become resistance. If it surges from the lower side and swallows stop losses, it’s a target.If the upside continues, this range will be useful next week.
② If it breaks above around 138.171 yen, a move to 140 yen appears likely. Will we see this number before ADP to Nonfarm Payrolls next week? I’ll be prepared.

Reversal Strategy
③ Reversal from 132.896 to 133.211 yen becomes more bearish. It will serve as a support range in the 130s, possibly pushing to the 120s; thus, this price area is important for downside scenarios.

Short Points
① Around 135.895 yen, break
② Around 135.206 to 135.459 yen, break
③ Around 136.428 to 136.820 yen, reversal

Break Strategy
① Break near 135.895 yen is the most reliable point today. Re-enter the rising trendline and the 200-period MA on the 1-hour chart.
② Around 135.206 to 135.459 yen is a resistance-support crossed zone where previous resistance and recent support mix. If broken, the flow could quickly move to the lower 130s.
If this level is breached, a rapid move to the low 130s could follow.

Reversal Strategy
③ 136.428 to 136.820 yen is a recent resistance zone.
This zone has been tested extensively. Taking profits is smooth; it’s a jackpot-like zone.
Soon there is a high likelihood of becoming the trigger for a breakout, making it a high-risk, high-reward zone.

Thank you again for reading today.