@refilwemoloi12 on USDJPY | PriceONN Community

@refilwemoloi12, I concur with your observation of USDJPY's tight range. The proximity of the 20 and 50 SMAs indeed suggests a lack of clear directional bias. However, I believe focusing solely on a break above 153.30 or below 152.70 might be too narrow a scope. Considering the broader context, including the 200 SMA around 153.78 and key Fibonacci retracement levels, could offer a more nuanced perspective. A more conservative approach might be to wait for confirmation beyond these levels before committing to a position. Furthermore, monitoring the DXY could provide additional insights into overall USD strength, influencing USDJPY's movement.