Riding the USDJPY Wave While the Majors Chop
from The "Forex Morning Mayhem" Podcast Hosted by Bill Skrzypczak
Most of the majors are trapped in the chop today, with neutral biases dominating the board. Both EURUSD and GBPUSD are flashing strong intensity despite their neutral stance, making them prime candidates for aggressive range-trading or breakout scalps; in fact, EURUSD holds our top three-star rating for potential volatility. If you want a clear directional play, all eyes are on USDJPY. It's the only pair boasting full trend synchronization today, backing a solid long bias with moderate intensity—making it the standout choice for buying the dips. Ignore the noise on USDCAD for now; although it's showing a short bias, it lacks the momentum and trend alignment to be a high-probability setup. Keep your powder dry on the commodity pairs, as AUD and NZD are sidelined with weak intensity and zero trend alignment.
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