@megan6351 on USDJPY | PriceONN Community

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megan6351 PRO newbie
USDJPY Feb 20
USDJPY consolidating. Expecting a breakout soon. Either way, I'm positioned for a move. Watching the upper Bollinger Band around 155.56. A clear break above that and I'm adding to my long position. Otherwise, a drop below 154.84 could signal a short opportunity. Patience is key here.
USDJPY

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megan6351 PRO newbie Feb 20
Update: I'm leaning more bullish on USDJPY now. The price has been consolidating near the 50 SMA for a few days, indicating strong support. Plus, the BOJ isn't expected to make any hawkish moves anytime soon. I'm thinking of adding to my long position near the 155.00 level, with a tight stop loss just below 154.80. The risk/reward looks favorable. The next target is 155.50, then 156.00. This is just my opinion, not financial advice.
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