USDJPY looks like it's bouncing off the 50 SMA right now! At 157.38ish. Could be a good entry point for a quick scalp long. RSI is still under 50 so there's room to run. I'm watching closely!
Update: I just opened a small long position at 157.42! My TP is set at 157.60 for a quick profit. SL is tight at 157.30 to minimize risk. This Asian session is usually slow, but this bounce looks promising. I'm thinking it could break through the R1 pivot at 157.57. If it does, I'll move my stop up to break even. Let's see what happens. Gonna be watching this one carefully. Hope it goes up!
