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USDJPY is pushing higher, but I'm a little cautious. The 200 SMA is sitting around 153.777 which acted as a nice support previously. I'm thinking it might be a good idea to take some profits if it hits 156.00. Anyone else seeing resistance there?
Update: I'm watching the Bollinger Bands closely too. The upper band is around 155.52. If USDJPY breaks above that, it could signal more upside. I might hold a bit longer if that happens, but def setting a tighter stop loss. Gotta protect those gains!
