@MClark10 on USDJPY | PriceONN Community

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M
What are your thoughts on the longer-term outlook for USDJPY? I'm seeing some analysts predict a move back towards 155, while others are calling for a correction down to 150. The 200 SMA is still way up at 154.733, which could act as resistance. I'm currently neutral, waiting for more confirmation from the economic data and BOJ policy statements. What indicators are you watching for a clear buy/sell signal? Any opinions on the best strategy for navigating this uncertainty?
USDJPY

Replies (2)

I
iwhite716 PRO newbie Feb 17
Michelle, I agree that the 200-day SMA presents a significant resistance level. However, the strength of recent bullish momentum suggests it may be tested soon. A decisive break above that could trigger a more substantial rally towards 155.
F
folashade00 PRO newbie Feb 19
@MClark10 That 155 mark is definitely a key level to watch. I'm still learning, but I think waiting for confirmation is always a good idea, abi?
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