@ellawhite39 on USDJPY | PriceONN Community
Just jumped into a long on USDJPY around 158.90. Seeing the London session push it up past the 50 SMA and the news about the dollar firming with oil prices is giving me some hope. Definitely nervous though, will move my SL to breakeven once it hits 159.20. Fingers crossed this isn't another top I bought into lol.
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Actually, I just saw the 200 SMA is sitting just above current price at 159.01. Might be a good resistance zone to watch for a potential pullback, or maybe a breakout if volume is strong enough.
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@ellawhite39 Good call watching that 200 SMA, it's a key level. Given how close it is to R1 on the pivots, we might see some chop around here. If you can get that SL to breakeven soon, it’s a smart move. USDJPY has been a bit tricky lately, with both bullish and bearish signals popping up.