2025-5-19 > 2025-5-23 This week's USDJPY + Next week's USDJPY 【Trend Line Pro 2】
This week's USD/JPY recap briefly.
We prepare a video for behavior verification every week, so first I will paste that for you.
【This Week's USD/JPY】
The basic strategy this week was to buy on pullbacks after drawing the price down.
At the start of the week, the 4-hour chart moved into an uptrend (narrow white box), so we were aiming for pullback buying, but soon the daily and 4-hour charts switched to a downtrend (bold white box), so we switched to a pullback selling strategy from the upside.
As I keep saying, it's best to follow the market without preconceptions.
Rather than clinging to your own strategy, simply riding the flow honestly is believed to enable risk-light trading.
Looking at the line, the typically watched trendline was easily broken downward, and it fell to the horizontal line beyond it.
The channel I mentioned last week did not work out.
【Next Week's USD/JPY】
Next week, since the immediate trend is down, the basic strategy will be to sell on pullbacks after drawing the price up.
In the near term, with a resistance that tends to be watched, it seems whether it will break below this level or rebound to test higher is what to watch.
If the market opens with a gap and breaks below the resistance, there may be a mood to test lower quickly.
By the start of the week, I am curious whether the tariff issue that emerged on Friday will make progress.
I added white circles and a horizontal line at points that are often watched by Dow Theory, hoping it will be helpful.
Looking at the line, it seems to have met initial resistance at the highly watched horizontal line I mentioned last week and paused.
As a likely course, either it will break below as is, or if it rebounds, a head-and-shoulders formation may be anticipated.
From the current situation, it is not likely to rise strongly, especially beyond last week's high, but such a setup could spike if triggered, so keep stops in place as needed.
For those who find the image small, right-click the image and choose 'Open image in a new tab' to view at full size.
【Products in this Article】
Trendline Pro 2The world's most precise line-trade auxiliary indicator
Next-Generation ZigZag 2 Starting from the Smallest Scale in the WorldUnder preparation. Scheduled for release next week.
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