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USDJPY is looking bearish to me 🤔. I'm seeing it below the 20 SMA, and the overall trend seems to be downwards. I'm thinking of setting up a small short position, but I'm also worried about the support around 154.322. Any thoughts on how strong that support level is? 😬
Update: I'm thinking maybe waiting for a clearer break below S1 before entering short. Better to be safe than sorry, right? 😅 Also, I'm checking the D1 chart now...the 200 SMA is way down at 153.769, so that's a potential target if the bearish trend continues. 🙏
