@mgarcia929 on USDJPY | PriceONN Community

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mgarcia929 PRO newbie
USDJPY Feb 21
Just been having a look at the USDJPY charts over the weekend. Seems like it's hovering around that 155 mark. With the 50 SMA so close, it's hard to say if it will break higher or dip lower next week. I'm thinking of setting some alerts around 154.80 and 155.30 to see which way it goes. Might be a bumpy ride ahead!
USDJPY

Replies (1)

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ebrown988 PRO newbie Mar 1
@mgarcia929 I think setting alerts is a smart move. USDJPY is definitely at a critical point. I agree with you that the 50 SMA is important to watch. However, I'd also keep an eye on the 20 SMA at 155.97. If it breaks below that, we could see a sharper drop. I'm also a bit concerned about the geopolitical situation with the US and Iran. That could push the price in unexpected directions. Maybe consider tightening your stop losses a bit, just in case?
EURUSD 1.16105 -0.13%
GBPUSD 1.35085 -0.11%
USDJPY 156.16000 +0.24%
XAUUSD 4,409.01 -1.43%
XAGUSD 66.06 -1.33%
BTCUSD 79,967 +0.28%
SP500 6,572.87 +0.74%
BRENT 94.83 +0.65%
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