USDJPY Forecast and Technical Analysis for June 10, 2026

[00:00:00]Hello traders. Today is Wednesday, June 10th, and this is my analysis for the US dollar yen, and we are on the 1-hour timeframe. So, if you've been watching my videos for literally about 3 weeks now, every single day I come out here and say we're looking for longs only, and if you've been looking for longs only for the past 3 weeks, you're probably making a lot of money. Now, my target, which is the weekly timeframe fib, is 160.8 to 161.

[00:00:26]Now, we have CPI inflation data coming out today, and that probably is going to cause some volatility in the markets. I am definitely still very bullish the US dollar, which means I potentially should still be bullish this. Now, we have what looks like almost a perfect five waves here, so it does make sense maybe for it to go down, grab some liquidity, maybe even make a pullback that lasts a couple days before it actually goes back up.

[00:00:50]For me personally, I'm definitely only looking for longs unless it breaks the main structure, which currently sits right here, because this is the last pullback before we had a new series of higher low higher lows.

[00:01:00]Um, I personally, even though I do it out like this, I definitely wouldn't be recommending shorts. Today's news event could literally just cause the dollar to keep on pushing up, and this could just literally just keep on pushing up. Or, it could literally just go down, maybe grab this low right here, then just keep on pushing up. I don't really care what happens on these sort of timeframes. I just know that every time I see a move to the downside, I'm looking at that as a buying opportunity. I 100% am not shorting this market until it at least hits my target and shows some evidence of real resistance on the higher timeframes like the daily and the weekly.

[00:01:33]So, anyways, don't forget to like and subscribe, and as always, thank you for watching, and happy trading.