@swiftHawk4 on USDJPY | PriceONN Community

So, I took a small short position earlier around 158.75, just a bit above the current price action. My initial stop was a bit wider, but seeing how it's holding that 158.45 level and the dollar isn't really gaining traction, I've decided to move my stop loss down to breakeven at 158.75. I don't want to give back any potential profit if this move decides to push lower. It feels like we're on the edge of a breakdown below the 200 SMA, which is sitting at 159.035. If that breaks convincingly, I might add to the position. For now, risk-free is the way to go.