@isabellawhite86 on USDJPY | PriceONN Community

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isabellawhite86 PRO newbie
USDJPY Feb 17
Hey everyone, I'm playing around with the idea of a short position on USDJPY. It's hovering around 153.12, and the SMAs are pretty close together. If it breaks below the 50-day SMA, maybe around 153.15, I'd consider entering. Just a thought, still learning how to read these charts properly!
USDJPY

Replies (1)

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isabellawhite86 PRO newbie Feb 17
Update on my short idea: I'm watching the Bollinger Bands closely. The price is right at the middle band, so a break below that could signal a move towards the lower band around 152.72. Still just paper trading this one, but it's helping me understand how these indicators work in practice. Any thoughts?
EURUSD 1.16268 -0.03%
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