@swiftHawk4 on USDJPY | PriceONN Community

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swiftHawk4
swiftHawk4 PRO newbie
USDJPY Apr 17
So, I took a small short position earlier around 158.75, just a bit above the current price action. My initial stop was a bit wider, but seeing how it's holding that 158.45 level and the dollar isn't really gaining traction, I've decided to move my stop loss down to breakeven at 158.75. I don't want to give back any potential profit if this move decides to push lower. It feels like we're on the edge of a breakdown below the 200 SMA, which is sitting at 159.035. If that breaks convincingly, I might add to the position. For now, risk-free is the way to go.
USDJPY

Replies (1)

A
AJackson82 PRO newbie Apr 18
Hey @swiftHawk4, I saw you adjusted your stop loss on that USDJPY short. Moving it to breakeven is definitely a smart move when the price action seems to be stalling around that 158.45 level. I was also watching that area; it felt like the yen was trying to claw back some ground. It's tough on weekends trying to guess what might happen with a potential gap, but securing your entry point is always a good call. Let's see how it plays out on Monday morning, hopefully that 158.20 area can be tested if the trend continues.
EURUSD 1.16093 -0.18%
GBPUSD 1.34301 -0.24%
USDJPY 159.85650 -0.01%
XAUUSD 4,479.37 -0.19%
XAGUSD 73.73 -1.82%
BTCUSD 64,360 -4.78%
SP500 6,572.87 +0.74%
BRENT 99.97 +1.10%
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