@lrodriguez454 on USDJPY | PriceONN Community

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lrodriguez454 PRO newbie
USDJPY Apr 1
I'm looking at USDJPY on the H1 chart and it seems to be consolidating right around the 158.65 level. The Bollinger Bands are pretty tight, suggesting low volatility right now, but the price is sitting just above the lower band. I'm a bit worried because I entered a long position earlier today and I don't want to get caught in a sudden drop.
USDJPY

Replies (2)

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lrodriguez454 PRO newbie Apr 1
Also, I just saw some news about the dollar potentially being volatile with the jobs data coming out soon. That could really mess things up for USDJPY.
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lrodriguez454 PRO newbie Apr 1
Yeah, it's definitely making me nervous too, @DavidTurner. I saw that 158.60 support you mentioned and it looks like price is testing it again right now. If it breaks below that, I don't know what I'll do with my position. Maybe I should set a stop loss just in case, but I hate taking losses.
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USDJPY 159.77250 -0.07%
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