@aisyahrahman79 on USDJPY | PriceONN Community

Another thing I was wondering is, should I be focusing more on the SMA indicators? I noticed the 200 SMA is way above the current price. Does that mean it's likely to keep heading down? I'm trying to figure out how to use those moving averages in my trading strategy. Or maybe Bollinger Bands are better for these short-term trades? So confusing! Any tips on using these indicators with USDJPY would be appreciated. I'm thinking of paper trading for a bit before jumping back in.

Update: I'm thinking maybe I was too aggressive with my leverage this week. Seeing that RSI below 40 makes me think it might drop further next week. Should probably adjust my risk management strategy to be more conservative, esp since I'm still quite new to this. Anyone else feel like the yen is particularly sensitive to global events right now? maybe I need to zoom out to D1 chart to get a better feel