@emeka3755 on USDJPY | PriceONN Community

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emeka3755
My analysis on USDJPY: The pair has been trending upwards for a while now, supported by the 50 and 200 SMAs. I'm looking for a potential breakout above 155. If it breaks, we could see it push towards 155.50 or even 156! However, if it fails to break, a pullback to the 154.50-154.70 area is possible. I'll be watching price action closely around these levels. Proper risk management is important. What do you guys thnk?
USDJPY

Replies (1)

lcook446
lcook446 PRO newbie Feb 21
Interesting analysis @emeka3755! I see the SMAs you're talking about. I'm still trying to understand how they work tbh. If it breaks 155, how high do you *really* think it could go? I'm always worried about entering too late and then it just pulls back. Thnk i need to study this more over the weekend.
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