@jennifer3780 on USDJPY | PriceONN Community
J
I'm thinking USDJPY might consolidate a bit longer before making a significant move. Looking at the daily chart, it's been trading sideways for a while now. The 200 SMA is providing some support around 155.08, but it's not a super strong level, imo. I'm keeping an eye on the Bollinger Bands too. A break outside those bands could signal a new trend. I'm thinking a long-term position might be good if it breaks above 156.50 with confirmation. Otherwise, I'll just keep accumulating more if it dips below 155.00. I'm not in a rush, this is a long game for me.