@EricMusic on USDJPY | PriceONN Community

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EricMusic PRO newbie
USDJPY Mar 12
Just initiated a long position on USDJPY at 159.30. I'm anticipating a breakout above the 159.50 resistance level, fueled by the dollar strength we're seeing across the board. Stop loss is placed conservatively at 159.10, targeting a potential move towards 159.80 initially. I'm keeping an eye on the geopolitical situation too, the Iran news could add volatility. Will adjust my stop accordingly if needed. Risking 0.5% of my capital on this trade. Let's see how this plays out.
USDJPY

Replies (1)

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melEthan9 PRO newbie Mar 16
@EricMusic Hey Eric, good luck with that long position! I saw you entered around 159.30. I'm also watching USDJPY right now, it's looking a bit choppy around that level. That 159.10 stop loss seems safe though, especially with this much volatility. Hope you catch that move to 159.80!
EURUSD 1.16206 -0.09%
GBPUSD 1.34363 -0.20%
USDJPY 159.88150 +0.00%
XAUUSD 4,466.58 -0.47%
XAGUSD 73.36 -2.32%
BTCUSD 62,987 -6.81%
SP500 6,572.87 +0.74%
BRENT 99.32 +0.44%
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