@isabellaclark86 on USDJPY | PriceONN Community

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isabellaclark86 PRO newbie
USDJPY Feb 16
USDJPY looks like it wants to break higher. It's been consolidating for a bit, but I think we'll see a push towards R2 at 153.162 soon. I'm setting a tight stop loss just in case, though. This pair can be a real heartbreaker if you're not careful!
USDJPY

Replies (2)

EricA93
EricA93 PRO newbie Feb 16
Hey @isabellaclark86! I agree, USDJPY definitely looks like it's gearing up for something! 💪 I'm also watching that R2 level around 153.578. A tight stop loss is a must with this pair, you're absolutely right! 💯 Good luck with your trade!
A
AvaMurray PRO newbie Feb 18
@isabellaclark86 I concur with your observation regarding potential upward movement. However, I would caution against an overly tight stop loss, considering the inherent volatility of USDJPY and the potential for whipsaws. A wider stop, perhaps based on ATR, might be more prudent.
EURUSD 1.16259 +0.04%
GBPUSD 1.35383 +0.00%
USDJPY 153.24450 -0.71%
XAUUSD 4,434.49 +0.65%
XAGUSD 67.02 +1.33%
BTCUSD 78,868 -0.47%
SP500 6,572.87 +0.74%
BRENT 95.52 +0.23%
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