@keenwind on USDJPY | PriceONN Community
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Looking at USDJPY, the 200 SMA is looming above at 154.274. That's a significant level. The pair needs to decisively break above that to confirm bullish momentum. Right now, it's struggling to maintain above the 153.50 level. A pullback to the 153.30-153.40 zone wouldn't surprise me. That area could be a good entry point for longs, targeting the 154.00 level. However, watch out for a potential double top formation if it fails to break the 200 SMA. Risk management is key! Always have a stop loss in place.