USDJPY Market Analysis and Trading Strategies.
*Personal Opinion
Waveforms of each time leg
Weekly

Downtrend.
We are currently in a situation where the fifth wave of decline may extend further,
but it gives the impression that a reversal to an upward trend is starting to take shape.
There is still ongoing contention between the buying and selling forces,
and there is a possibility that volatility will continue to squeeze.
Daily

The overall outlook remains bullish within the 142.3 to 148.5 yen range, but the price is currently falling, erasing much of the recent upward movement.
While it initially seemed likely to continue rising, there is now a possibility that it may return to the lower end of the range.
4-Hour

I was expecting a buying opportunity on the 4-hour chart, but selling pressure turned out to be strong, resulting in the formation of the first wave of a downtrend.
Currently, I recognize the market as being in the second (corrective) wave, so I’m looking to target the third wave of the downtrend.
1-Hour

There was a sharp rise followed by a sharp drop, and for now, I’m maintaining a slightly bullish outlook.
I initially thought the first wave of an uptrend had formed, but since the second wave saw a significant price correction, I’m watching to see whether it might be forming a Flat Correction.
Trade Strategies
Strategy①

A long entry targeting the corrective second wave on the 4-hour chart.
Assuming a Flat Correction is forming, I’m taking a long position from the lower boundary of the range to around the upper boundary.
Strategy②

A short entry targeting the third wave of the downtrend on the 4-hour chart.
If the price pulls back again, I’ll consider entering based on the price action.
Strategy③

If the price continues to decline from here, I’ll look for short entries on pullbacks in the lower timeframes.