@nroberts260 on USDJPY | PriceONN Community
Potential short opportunity on USDJPY if we see a break below 153.30. SL around 153.65, targeting 152.80 initially. Monitor RSI; a sustained move below 40 would add confluence to the short idea. This setup relies on risk aversion increasing slightly.
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Update: Alternatively, if USDJPY breaks above 153.75 with volume, the short idea is invalidated. I'd consider a long position then, targeting 154.10. However, I'm still leaning towards the short setup given the overall market sentiment and the 200 SMA acting as resistance around 154.308.