@ameliaharris96 on USDJPY | PriceONN Community
Reviewing the USDJPY charts over the weekend, it seems to be consolidating around the 155 level. The 50-day SMA is acting as dynamic support. I'll be watching closely for a breakout above 155.20 next week; that could signal a continuation of the upward trend. However, failure to break that resistance could mean a retest of 154.80.
Replies
Good point @ameliaharris96, the 50-day SMA has been a reliable support. I'll be watching that level closely too. A break below it could signal a deeper correction, especially with the Iran news hanging over the market.