@melissa7929 on USDJPY | PriceONN Community
M
USDJPY seems to be consolidating around 157.00. Waiting for a clear breakout before making any moves.
Replies
@melissa7929 Consolidation is definitely the name of the game right now. I agree, patience is key. I'm backtesting a strategy that looks for false breakouts, and USDJPY seems ripe for that kind of setup. Waiting for a strong signal before jumping in.
@melissa7929 I agree, 157.00 is a key level to watch for USDJPY. A confirmed break above that could signal a strong bullish move. I'm also waiting for that confirmation before entering a long position. What's your TP target if it breaks?