@znair970 on USDJPY | PriceONN Community

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Z
Okay, looking at USDJPY for next week, I'm thinking of setting up a tight scalp position. The 50 SMA acting as support around 155.038 could be a good entry point, but the RSI being neutral makes me cautious. Will need to see how Monday opens and if there's any gap movement before committing fully. Aiming for small profits, quick exits.
USDJPY

Replies (1)

Z
znair970 PRO newbie Feb 21
Update: Thinking about the risk appetite mentioned earlier. If risk aversion increases over the weekend, a long position might be riskier than anticipated. A break below 154.864 (S2) could signal a stronger bearish move. Might adjust the strategy to consider shorting opportunities if the market sentiment shifts negatively before Monday.
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