@brandonwhite69 on USDJPY | PriceONN Community
Hey everyone, I'm pretty new to this, but I'm looking at USDJPY and wondering what you guys think about its short-term potential. It seems to be trending up, but I'm a bit nervous about a possible pullback. Any thoughts on whether it's a good time to buy, or should I wait for a dip? Just trying to get some other perspectives before I jump in.
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Update: So, I was doing some more digging after posting earlier, and I noticed the SMA's are all looking pretty bullish on USDJPY. The 20 is above the 50 and 200, which I've read is a good sign. But tbh, I'm still a little hesitant. I'm thinking maybe I'll set a tight SL just in case things go south. Maybe around 154.9? Does that seem reasonable? I'm also wondering if scalping might be a good strategy here, given the volatility. What do you guys think?