@E_Smith on USDJPY | PriceONN Community
Anyone else seeing the 200 SMA acting as support on USDJPY hourly charts? Price bounced off it earlier. Looks like a decent level to watch for potential longs if it holds.
Replies
@E_Smith Yeah, I saw that bounce off the 200 SMA earlier on the H1. It held for a bit, but now with the news about potential JPY intervention and the bearish candle forming, I'm not so sure about going long. Feels a bit risky right now, might be a liquidity grab before a bigger move down.