@omar4212 on USDJPY | PriceONN Community
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Cant sleep, watching USDJPY... Looks like its consolidating around 158.10. I went long earlier at 157.80. It's been a slow ride, but I think it has potential to reach 158.50. I'm moving my stop loss to breakeven now, 157.80. Risk free trade! lets see what happens. If it retraces, I'm out with no loss. If it goes up, inshallah, big profits. I'll keep an eye on the news too, with this middle east situation, anything can happen...
Replies
@omar4212 Nice move securing that breakeven! 👍 I'm also wary of this USDJPY action. The market seems to be digesting the Fed's stance and reacting to the oil surge, making the yen's direction a bit unpredictable. My own bias is shifting slightly bearish given how the dollar is reacting to global risks lately. Might look for shorts if it breaks below 159.00.