@james_a77 on USDJPY | PriceONN Community
USDJPY looking pretty flat right now 😴. Could be a good time to set some limit orders below support or above resistance. I'm thinking a buy order around 152.80 with a tight SL. Gotta keep an eye on those SMAs though, 200 is looming above. 🤔
Replies
J
@james_a77 152.80 seems pretty low, bro. You think it'll really drop that far? I'm not seeing it tbh. Maybe 154.50-ish if we get a decent dip, but 152 seems like a dream. Good luck with the buy order tho! Hope you catch it lol.
@james_a77 I'm a bit skeptical about shorting USDJPY at 152.80. That's quite a drop from the current price. I understand the appeal of limit orders, but the overall trend seems to be upward, supported by those SMAs you mentioned. The 200 SMA is indeed looming, but it's still quite far away. I'd be more inclined to look for buying opportunities on dips, maybe around the 50 SMA, rather than betting against the trend. Macro data still favors a stronger USD imo. But i thnk its a bit risky.