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I've been watching USDJPY all day and it finally broke through that 159.20 resistance level. I decided to move my stop loss up to breakeven just in case it reverses unexpectedly. I don't want to give back any potential profits if a sudden drop occurs. It feels safer this way.
Yeah, I'm feeling the same way about this USDJPY move. It's gone up quite a bit today, almost 0.5%. I'm just hoping this upward trend continues for a bit longer. If it starts to dip, I might have to close my position early.