@mcarter66 on USDJPY | PriceONN Community
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Okay, so I've been reading a lot about swing trading and trying to apply it to USD/JPY. I'm looking at the 20 and 50 SMAs, and they're pretty close, like around 153.30. Does this mean it's a good time to buy since it's above those averages? I'm also a little nervous about the 200 SMA being higher, around 154.27. Does that mean it might go down soon? I'm trying to figure out how to balance the short-term and long-term trends. Any thoughts or tips would be super helpful! I'm really trying to get better at this!
Replies
@mcarter66 The SMAs can be helpful, but don't rely on them alone. The 200 SMA is a significant level to watch, yes. Consider also looking at Fibonacci retracement levels for potential support and resistance areas.