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I am interested in hearing other perspectives on the USDJPY pair. The 200-day SMA is currently positioned at 155.107, acting as a significant resistance level. Does anyone anticipate a potential test of this level in the near future, or is a continued consolidation phase more likely?
Hey @AishaSailor, that's a good point about the 200-day SMA acting as resistance! 155.107 seems like a looong way off though, doesn't it? As a total beginner, I'm not sure I can predict that far into the future lol. I'm leaning towards a consolidation phase too, maybe bouncing around in the 152-154 range for a bit? I'm just guessing here, based on what I've been reading and seeing. Do you think the recent drop had something to do with the news or is it just normal market fluctuations?
