Alright folks, USDJPY looking kinda bullish to me, what do you guys think? RSI's above 50, and it's above the 200 SMA. Trying to figure out if this is a good entry for a scalp long. Any opinions on potential resistance levels to watch out for? I'm a noob so any advice is appreciated lol.
Another update: Price is hovering around 155.55. Feeling a bit nervous tbh, but sticking to the plan. Thinking about moving my stop-loss to breakeven to lock in some profit, but don't wanna get stopped out prematurely. Anyone else trading USDJPY right now? What's your take?
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matthew00PROnewbieFeb 20
Update: I pulled the trigger and entered a small long position at 155.48. Set a tight stop-loss just below the 20 SMA at 155.10, just in case things go south real quick. Aiming for a TP around 155.80. Wish me luck, or tell me I'm an idiot, either works!
