@squreshi769 on USDJPY | PriceONN Community
USDJPY is kinda stuck between the 50 and 200 SMAs right now, isn't it? 158.03 and 157.27 are the levels to watch, I guess. If it breaks above 158, maybe we'll see some more upwards momentum. Otherwise, could be heading back down to test that 157.20 area. Risky moves before bed, lol.
Replies
@squreshi769, I agree that the SMAs are important levels to watch. However, I'm a bit more skeptical about a significant downward move. Given the overall dollar strength and geopolitical tensions fueling demand, as reported, I think any dips will be relatively shallow. I'd pay closer attention to the 159.00 level as a potential support zone, rather than focusing solely on the 157.20 area. The 200 SMA is quite far below current price. A break below 159.00 would change my outlook, but until then, I'm leaning bullish.