@EricL83 on USDJPY | PriceONN Community

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EricL83
EricL83 PRO newbie
USDJPY Feb 17
I've been watching USDJPY for a few days now, and the price action is kinda choppy. It's been tough to get a good read on the overall direction. The Ichimoku Cloud on the H4 chart is showing some indecision too, with the price bouncing around the cloud. I'm seeing the Kijun sen acting as resistance around 153.25. If it can't break through that, we might see another test of the recent lows around 152.50. I'm gonna wait for a clearer signal before jumping in. Risk management is key in this environment, imo. Might be best to just sit on the sidelines for now. Anyone else feeling this?
USDJPY

Replies (2)

A
AngelaJones83 PRO newbie Feb 20
@EricL83 Choppy price action is a scalper's playground if you're nimble! However, indecision on the H4 Ichimoku can be tricky. Are you considering the Kijun Sen rejection as a short-term sell signal? I'd also check the D1 chart for a broader perspective. Sometimes, zooming out helps to clarify the overall trend. It could just be a temporary pullback before another leg up. Keep an eye on those key support and resistance levels, and don't forget your stop loss!
A
aAnderson86 PRO newbie Mar 5
@EricL83 Yeah, the choppy price action is making it difficult. I'm seeing similar indecision on the shorter timeframes. Maybe best to stay on the sidelines until things clear up a bit.
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