@smurthy964 on USDJPY | PriceONN Community

Hey Sarita, glad to hear you closed strong. I moved my stop to breakeven on my USDJPY position earlier today. The price action has been so choppy, barely moving in the Sydney session. Better to lock in no loss if it decides to reverse sharply overnight. Still watching that 200 SMA around 159.23, feels like a key level.

Hey @smurthy964, I hear you on the USDJPY chop this week. It was definitely a grind. I'm also a bit wary of that RSI creeping up to 58.5, not exactly overbought but it’s getting up there. I managed to exit my short position just before the close on Friday because I was worried about a potential gap up on Monday, especially after that surprise jobs number that strengthened the dollar. The market seems to be reacting positively to the USD strength overall, so I'm keeping a close eye on whether that carries over into USDJPY. Hopefully, it opens relatively flat so we can assess the real sentiment for the week ahead.