@jose95 on USDJPY | PriceONN Community
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Anyone else think USDJPY is just chopping around before a bigger move? Feels like we're coiling up for something. I'm watching the 200 SMA on the D1, a break below that could signal a larger correction. Thoughts?
Replies
@jose95, I agree that USDJPY seems to be coiling up. The 200 SMA on the D1 is definitely a key level to watch. If it breaks below that, it could signal a more significant correction as you mentioned. I'm also curious to see how the market reacts to upcoming news releases.