@thomasdavies62 on USDJPY | PriceONN Community
Right, so USDJPY is hovering around 158.95. I've been watching it all day, and honestly, I'm a bit hesitant to go big on a position just yet. I'm starting with a really small size, like 0.5% of my account, just to get a feel for it. If it breaks convincingly past that 159.15 area, I might add a bit more, but for now, gotta be careful, don't want to end up a bag holder lol.
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Also, I'm keeping an eye on that Bollinger band at 159.48. If it can push through that with some volume, that'd be a good sign too.
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Hey @thomasdavies62, I totally get being hesitant. This whole quiet market is kinda unnerving, right? I saw you mention 159.15. I'm also watching that level, feels like a bit of resistance. If it breaks, maybe it has legs but I'm not convinced yet. The dollar weakening kinda messes with my head though, not sure how that plays out for yen.