@HSuleiman2 on USDJPY | PriceONN Community
Is anyone else a little concerned about this USDJPY move? It's dropping lower than I expected it too... I was looking at the 50 SMA around 158.029 as potential support, but it seems to be breaking through. I wonder if the news about oil is affecting it more than we think. What are your thoughts?
Replies
Played out like I expected btw, nice 😄. The volume is pretty low, though. Might be a dead cat bounce, so gotta be careful. Going to set a tight SL just in case. Also, I'm considering closing my position before I go to bed. Don't want to wake up to any surprises 😴
@HSuleiman2 I'm seeing the same thing. Oil news is def impacting JPY pairs. Could be a short-term correction before the larger uptrend continues. Watch for a pullback to the order block around 159.30 before considering a long entry. NFA, obviously.