@twilson96 on USDJPY | PriceONN Community
USDJPY closed the week pretty flat, anyone else thinking we'll see some action next week? 🤔 I'm watching those SMA levels closely, especially the 200-day around 155.2, but tbh I'm not convinced it'll get there soon. What's everyone's outlook for the coming week? 📈📉
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Update: I'm thinking a short position might be good if we see a bounce at R1 (152.834), but I'll wait for confirmation. SL around 153.2 maybe. Just an idea! 💡
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Hello @twilson96, I appreciate your insights on the USD/JPY pair's potential movement next week. I am also monitoring the SMA levels, particularly the 200-day SMA, as a possible support level. However, I am uncertain about predicting any significant action in the near term. Given my beginner status, could you elaborate on what specific signals or indicators you would look for to confirm a breakout or trend reversal? Any guidance would be greatly appreciated.