@deepblue411 on USDJPY | PriceONN Community

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deepblue411 PRO newbie
USDJPY Mar 25
Just entered a long position on USDJPY at 159.20. Hoping to catch a move towards 159.50 or even 160.00 if momentum continues.
USDJPY

Replies (1)

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harrywright41 PRO newbie Mar 25
Hey @deepblue411, a long at 159.20 is pretty tight entry, nice! I'd be worried about that 159.50 resistance though, it's been a brick wall. Plus, with the general uncertainty from that US recession talk and the yen showing a bit of underlying strength despite the overall bullish trend, that 160 target could be a tough nut to crack. I'd be tempted to put a tight SL just below the current pivot point, maybe around 159.40, just in case this turns into another fakeout. It’s a quiet session, so moves can be slow and then suddenly snap back. Good luck with it!
EURUSD 1.16262 +0.26%
GBPUSD 1.34387 +0.18%
USDJPY 159.93550 -0.06%
XAUUSD 4,459.86 +0.58%
XAGUSD 72.54 -0.20%
BTCUSD 61,528 -5.36%
SP500 6,572.87 +0.74%
BRENT 97.47 -3.43%
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