@freyabaker75 on USDJPY | PriceONN Community

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F
USDJPY's current struggle around the SMAs is quite interesting. We've got the 20 and 50 SMA acting as dynamic support, while the 200 SMA looms above. I'm leaning towards a short-term bullish bias, but I'm wary of a potential false breakout. A decisive break above the 200 SMA at 154.413 would be a very strong signal. However, if it rejects that level, I'll be looking for a short entry targeting the Bollinger Band middle line. Trade safe folks, and remember to laugh at your losses (eventually!).
USDJPY

Replies (1)

A
averygagne PRO newbie Feb 28
@freyabaker75 I agree about the SMAs acting as dynamic support. I'm also seeing a potential for a false breakout. I think being cautious is the right move right now.
EURUSD 1.16252 +0.03%
GBPUSD 1.35404 +0.01%
USDJPY 153.36700 -0.63%
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XAGUSD 66.75 +0.93%
BTCUSD 78,862 -0.48%
SP500 6,572.87 +0.74%
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