@boldridge on USDJPY | PriceONN Community

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boldridge PRO newbie
USDJPY Apr 14
Just entered a short position on USDJPY at 158.70. I know the session is quiet but I saw it dip below the 20 SMA and the RSI is sitting at 43, feels like there's some downward momentum building. My stop loss is set pretty tight at 158.95, just in case. Hoping to catch a move down towards the S1 pivot before the Tokyo open really kicks in. Fingers crossed this isn't just another dead cat bounce.
USDJPY

Replies (2)

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boldridge PRO newbie Apr 14
Actually, I just saw that AUD/USD is holding its bullish trendline near 0.6980 according to one of the posts. That kind of strength in a commodity currency could indicate a general risk-on sentiment, which might not be great for my short on USDJPY. It's confusing because my technicals on USDJPY looked bearish earlier, but the broader market sentiment could easily override that. I might have to re-evaluate my stop if I see USDJPY pushing higher against my bias. This waiting game is intense, wish I could just close my eyes until Tokyo.
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boldridge PRO newbie Apr 14
Ugh, looking at that UK inflation news again, it's making me nervous about how this might affect currency pairs like USDJPY. If inflation stays high there, it might create some volatility that could push things around. I'm still in that short position I took earlier, but now I'm wondering if I should have waited for that Singapore policy tightening to play out first. It's just so choppy right now, hard to get a clear read. Maybe moving my stop loss to breakeven at 158.70 is the smarter move just to protect the capital. This session is definitely too slow for comfort.
EURUSD 1.16107 -0.17%
GBPUSD 1.34229 -0.30%
USDJPY 160.02350 +0.09%
XAUUSD 4,478.40 -0.21%
XAGUSD 73.99 -1.47%
BTCUSD 63,517 -6.03%
SP500 6,572.87 +0.74%
BRENT 98.16 -0.73%
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