March 6, 2023 FX Trading Strategy "Today's Move" GoGoJiang Edition

Hello there!
I am Tatsuron.

Start of the week!
Here is the USD/JPY trading strategy!

USD 1-hour chart

USD/JPY Trading Strategy
Long Points
① Near 137.089 to 137.421 JPYBreak
② Near 138.171Break near the yen
③ Near 132.896to 133.211 JPY Reversal

Break Strategy
① Break near 137.089–137.421: high likelihood of breaking with price pushing to new highs and previous support not turning into resistance. If it surges from lower levels and triggers stops, it’s a target area.
If the upside continues, this range will be relevant next week as well.
② If price breaks above around 138.171, look for a move toward 140.0. Will this hold until ADP–employment data next week? I’ll be watching.

Reversal Strategy
③ Reversal from 132.896 to 133.211: we position lower. It becomes a key support range for whether price holds in the 130s or breaks into the 120s.

Short Points
① Near 135.895 Break
② Near 135.206–135.459 Break
③ Near 136.428–136.820 Reversal

Break Strategy
① Break near 135.895 is, for today, the most reliable point. Target the break of the rising trendline and the 200-period MA on the 1-hour chart.
② Near 135.206–135.459: a resistance-turned-support zone where previous resistance and recent support mix. If broken, price could move toward the low 130s.
If you break through here, the flow could move quickly to the early 130s.

Reversal Strategy
③ 136.428–136.820: a nearby resistance zone.
At this point, we’ve tested it thoroughly. Profit-taking zone is clear and straightforward.
It’s getting ripe for a potential breakout point, so it is a high-risk, high-return zone.

Today’s indicators

Thank you again for reading today.