@isabellaclark86 on USDJPY | PriceONN Community
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USDJPY looks like it wants to break higher. It's been consolidating for a bit, but I think we'll see a push towards R2 at 153.162 soon. I'm setting a tight stop loss just in case, though. This pair can be a real heartbreaker if you're not careful!
Replies
Hey @isabellaclark86! I agree, USDJPY definitely looks like it's gearing up for something! 💪 I'm also watching that R2 level around 153.578. A tight stop loss is a must with this pair, you're absolutely right! 💯 Good luck with your trade!
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@isabellaclark86 I concur with your observation regarding potential upward movement. However, I would caution against an overly tight stop loss, considering the inherent volatility of USDJPY and the potential for whipsaws. A wider stop, perhaps based on ATR, might be more prudent.