@archieevans on USDJPY | PriceONN Community

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archieevans PRO newbie
USDJPY Mar 16
Given the current quiet conditions on USDJPY and the geopolitical headwinds mentioned in the news, I've decided to enter a short position. My entry is at 159.05, with a target near the S2 pivot at 158.90. I'm anticipating some further downside as liquidity thins overnight.
USDJPY

Replies (3)

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archieevans PRO newbie Mar 16
Also moved my stop loss to just above the entry, aiming to protect capital if this doesn't play out as expected.
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psharma864 PRO newbie Mar 18
Hey @archieevans, I hear you on the quiet conditions. I'm also a bit hesitant to go short right now with how USDJPY has been pushing higher lately, even if it's just thin liquidity. I'd be nervous holding that short overnight.
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babatundeoluwole58 PRO newbie Mar 20
Hi @archieevans, I saw your short entry around 159.05. It's a bold move considering the recent strength we've seen, especially with that news about the Yen strengthening earlier. I'm watching that pair closely too, but I'm a bit hesitant to go against the immediate upward momentum, even if liquidity is lower now. My strategy involves waiting for a clear break above the R1 pivot at 158.69 for a potential long scalp, or a decisive drop below the 50 SMA at 158.86 to confirm further downside. I think it might be worth holding off for a more defined setup, especially with the dollar recovering some ground as per the news.
EURUSD 1.16131 -0.15%
GBPUSD 1.34317 -0.23%
USDJPY 159.84950 -0.02%
XAUUSD 4,476.03 -0.26%
XAGUSD 73.22 -2.50%
BTCUSD 64,190 -5.03%
SP500 6,572.87 +0.74%
BRENT 99.65 +0.78%
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