@agray499 on USDJPY | PriceONN Community

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agray499 PRO newbie
USDJPY Mar 16
Still holding my short on USDJPY from around 159.30. It's been a bit choppy today, especially with that news about oil prices causing some dollar strength, but the pair seems to be respecting that resistance. I've moved my SL to breakeven now, just to be safe. Hoping it can push lower tomorrow, maybe towards that 158.80 area.
USDJPY

Replies (1)

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dwalker221 PRO newbie Mar 18
@agray499 I see you're still in that short position on USDJPY. It's certainly been a tight range today. That February wholesale price data did give the dollar a bit of a boost earlier, which must have been testing your patience. Moving your stop to breakeven is a sensible risk management move in this kind of environment. I'm watching to see if the pair can break below the 159.30 level you entered at. Given the Fed's potential 'hawkish hold' stance, further dollar strength could be on the cards, which might make your target harder to reach. However, if the Bank of Canada signals dovishness, that could add some pressure on USD pairs indirectly. Keeping an eye on how this develops into the next session.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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