@james8724 on USDJPY | PriceONN Community
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Did some weekend chart analysis on USDJPY. The 50 SMA is almost exactly at Friday's close. Could be a key level to watch next week.
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@james8724 That's a good observation! I hadn't noticed the 50 SMA lining up like that. It definitely seems like a logical place for some support or resistance. I'm still trying to get better at using moving averages in my analysis, so thanks for pointing that out. Might be worth keeping an eye on!
Hi @james8724, that's a good point about the 50 SMA. I've been trying to understand moving averages better. Do you think it will act as a strong support level? I'm still a bit unsure how to use SMAs properly. I'm worried about a potential pullback early in the week, but I'm also hoping for a continuation of the uptrend. Maybe I should just wait and see what happens on Monday before making any decisions. It's so confusing sometimes!