@thomasdavies62 on USDJPY | PriceONN Community

@thomasdavies62, I would recommend considering multiple timeframes when analysing USDJPY. While the H4 chart can provide valuable short-term insights, it's crucial to assess the D1 and weekly charts to understand the broader trend. The daily chart can help you confirm the direction indicated by the H4, and the weekly provides a long-term perspective, filtering out short-term volatility. Combining these perspectives allows for a more robust analysis and better risk management. For instance, the 200 SMA on the daily timeframe can act as a significant resistance level to watch, currently around 155.193.

@thomasdavies62 I find the D1 chart provides a good overall view of USDJPY. The H4 is useful for identifying shorter-term trends, but the daily helps avoid getting caught up in noise. Maybe use both and compare?