@EricMusic on USDJPY | PriceONN Community
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Just initiated a long position on USDJPY at 159.30. I'm anticipating a breakout above the 159.50 resistance level, fueled by the dollar strength we're seeing across the board. Stop loss is placed conservatively at 159.10, targeting a potential move towards 159.80 initially. I'm keeping an eye on the geopolitical situation too, the Iran news could add volatility. Will adjust my stop accordingly if needed. Risking 0.5% of my capital on this trade. Let's see how this plays out.