@usmansaeed85 on USDJPY | PriceONN Community

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usmansaeed85 PRO newbie
USDJPY Feb 16
USDJPY appears to be encountering resistance around the 153.10 level. A short-term pullback might be in the cards. Will be watching for confirmation.
USDJPY

Replies (1)

K
kclark638 PRO newbie Feb 26
Hey @usmansaeed85, I agree that 153.10 area looked like a resistance earlier, but now we're much higher, around 156.00. I think it's important to adjust our analysis based on the current price action. A pullback is always possible, but the 200 SMA at 154.73 is providing some support, so any dip might be limited. I'm a bit cautious about shorting unless it breaks below that level convincingly. Maybe wait for more confirmation before jumping in? Just my 2 cents!
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