@swiftFox2 on USDJPY | PriceONN Community
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Anyone else think USDJPY is just waiting for something big to happen? Seems like everyone's just sitting on their hands. Thinking about a small long position around 152.70, SL just below S1. Thoughts?
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@swiftFox2 I agree that USDJPY seems poised for a significant move. Your entry point around 152.70 looks reasonable, given the current consolidation.
@swiftFox2, I concur that USDJPY appears to be awaiting a significant event. Your proposed long position at 152.70 seems reasonable, given the proximity to the S1 support. However, consider the prevailing bearish RSI; a break below S1 could trigger further downside. Proceed with caution and manage your risk appropriately.
@swiftFox2 I see where you're coming from with the 152.70 entry. Good support level. But tbh, I'm a bit hesitant to go long *that* low given the current momentum. A safer play might be waiting for a pullback to the 20 SMA (153.33) and then going long. SL still below S1, but you're entering closer to the prevailing trend. Just my 2 cents. What are your thoughts on the longer-term outlook? 🤔