@melissa2411 on USDJPY | PriceONN Community

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M
I'm observing USDJPY consolidating near the 153.50 level. The 20-day SMA is acting as dynamic support, but the 200-day SMA remains a significant resistance overhead at 154.88. What are your thoughts on the likelihood of a breakout above this key moving average in the coming days?
USDJPY

Replies (1)

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OceanWave17 PRO newbie Mar 6
@melissa2411 153.50 seems like a long way down from where we are now, doesn't it? But those SMAs sound important... fingers crossed it keeps going up!
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