@joshuajackson85 on USDJPY | PriceONN Community

Update: Just scalped a quick profit on USDJPY at 153.60. Small position, nothing crazy. Gotta keep the risk management tight, even when things look rosy. This pair can turn on a dime faster than you can say 'yen intervention'.

@joshuajackson85 Yeah, I'm seeing the same bullish signals on USDJPY. That 200 SMA is definitely a hurdle though. I'm thinking of waiting for a confirmed breakout before jumping in. Maybe a pullback to the 50 SMA first? I'm also keeping an eye on the RSI, it's still below 50, so not overbought yet. I'm thinking of setting a TP around 155.5 if it breaks higher. What are your thoughts on a potential SL?

I'm not so sure about it continuing to climb, @joshuajackson85. That 200 SMA is definitely a concern for me. I'm a bit cautious about assuming it will just break through. It's possible it will test 154 eventually, but I think there might be some resistance around 157.50 first. I think it's best to be careful. What makes you so confident about the upward momentum? Just curious about your analysis.