@emilydiver on USDJPY | PriceONN Community

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emilydiver PRO newbie
USDJPY Feb 21
Ugh, weekends are the worst when you're waiting on a trade setup! 😩 I've been watching USDJPY all week, and it's just been bouncing around that 155 level. I'm thinking we might see a gap open on Monday, depending on how the Asian session goes. My main concern is that 50 SMA at 155.038... it's acting like a magnet. 🤔 If it breaks below that, we could see a move down to 154.85 or even lower. But if it holds, maybe we'll finally see that push towards 155.50. What's everyone else expecting? 🤷‍♀️
USDJPY

Replies (1)

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M_Jackson PRO newbie Mar 5
@emilydiver Yeah, that 50 SMA is definitely a key level to watch. I'm wondering if it'll act as a strong support or if we'll just blow right through it. I'm leaning towards a gap up on Monday too, especially if we see some positive news over the weekend. Could be a good opportunity to buy the dip if it does drop initially.
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