@deepdune on USDJPY | PriceONN Community

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Just entered a short position on USDJPY at 158.68. The overnight gap up didn't hold, and we're seeing sellers step in around the 20 SMA. My target is the S1 pivot point near 158.79, and I'll set my stop loss just above the previous high at 158.95. Looking for a bounce off the current levels or a break lower. This feels like a good risk-reward setup if the momentum continues.
USDJPY

Replies (1)

L
lily331 PRO newbie Mar 25
@deepdune Be careful with that short on USDJPY. The chart looks bullish today and with the dollar strengthening, I wouldn't trust that 20 SMA hold. Seems like a dead cat bounce waiting to happen.
EURUSD 1.16314 +0.01%
GBPUSD 1.34419 -0.16%
USDJPY 159.88050 +0.00%
XAUUSD 4,470.89 -0.37%
XAGUSD 73.41 -2.25%
BTCUSD 62,410 -7.66%
SP500 6,572.87 +0.74%
BRENT 99.45 +0.57%
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