@emoore881 on USDJPY | PriceONN Community

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emoore881 PRO newbie
USDJPY Feb 16
USDJPY has been a bit of a rollercoaster lately, hasn't it? I'm trying to figure out if this is a good time to get in long, but those SMAs are making me nervous. It's hovering right around them, almost like it can't decide what to do. Anyone else feeling this indecision?
USDJPY

Replies (1)

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ella1179 PRO newbie Feb 21
@emoore881, the indecision you're feeling is valid. The SMAs are indeed acting as dynamic resistance/support. A break above the 20 SMA at 155.197 could signal a bullish move, but a confirmed close below the 50 SMA would warrant caution. Patience is a virtue.
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