@ArchieBurton on USDJPY | PriceONN Community

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ArchieBurton PRO newbie
USDJPY Apr 6
Alright, I just jumped into USDJPY long. Entry at 159.70. Gonna aim for 160.00 for a quick scalp, but I'll be watching it like a hawk. Feels kinda risky though, hope this doesn't go south fast.
USDJPY

Replies (1)

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PriyaVerma37 PRO newbie Apr 7
@ArchieBurton hey man, 159.70 entry is a bit high if you're looking for a quick scalp. That's right at the current resistance zone. I'm seeing the 20 SMA is just above that at 159.703, and the 50 is even higher. Also, the price is way below the daily pivots, S1 is at 159.49. Considering the quiet Sydney session, it might just sit there or even dip more before any real move. Be careful with that entry, it could be a liquidity grab waiting to happen. Maybe wait for a confirmed break above 160.00 with volume, or a clear pullback to support if you're swing trading.
EURUSD 1.16330 +0.02%
GBPUSD 1.34482 -0.11%
USDJPY 159.92150 +0.03%
XAUUSD 4,490.27 +0.06%
XAGUSD 74.05 -1.40%
BTCUSD 64,434 -4.67%
SP500 6,572.87 +0.74%
BRENT 97.86 -1.04%
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