@ArchieBurton on USDJPY | PriceONN Community

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USDJPY looks like it's trending upwards, but I'm a bit wary of that 200 SMA acting as resistance. I'm thinking of waiting for a clearer breakout before jumping in. Maybe a small position if it breaks above 153.70? Just gotta be careful, always a risk of a pullback.
USDJPY

Replies (1)

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aanderson450 PRO newbie Feb 20
@ArchieBurton I see what you mean about the 200 SMA! 🤔 That's a good point about potential resistance. I'm also a bit wary of jumping in too early. Maybe waiting for a confirmed breakout is the smarter move. A small position sounds like a good way to test the waters though 👍
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