@mthomas457 on USDJPY | PriceONN Community

@mthomas457 I agree that risk management is super important right now! I'm also watching for a potential short if we break below that level. Your point about the H4 candle confirmation is spot on – gotta wait for that confirmation! Thanks for sharing your insights!

@mthomas457, I agree that risk management is super important right now. That break below 152.50 you mentioned would definitely be a bearish signal. I'm also watching the H4 chart for confirmation. Though, I'm wondering if there will be any major news events next week that could throw a wrench in the works. Always something to worry about, isn't there? I'm trying to decide whether to just close out my current small long position before the open on Monday and re-evaluate then. Decisions, decisions! I'm not a professional, but I think your analysis is spot on.

@mthomas457 I agree that risk management is paramount right now, especially with the news about Iran. I'm also eyeing a potential short below 152.50, but I'm a bit hesitant with the overall bullish trend. Maybe waiting for a clearer signal on the D1 chart would be wise? I'm thinking of setting a tight stop-loss just in case this is a fakeout. Also, what are your thoughts on the impact of the news on safe-haven currencies like JPY? I'm still trying to understand how geopolitical events influence currency pairs.