@emeka3755 on USDJPY | PriceONN Community
My analysis on USDJPY: The pair has been trending upwards for a while now, supported by the 50 and 200 SMAs. I'm looking for a potential breakout above 155. If it breaks, we could see it push towards 155.50 or even 156! However, if it fails to break, a pullback to the 154.50-154.70 area is possible. I'll be watching price action closely around these levels. Proper risk management is important. What do you guys thnk?
Replies
Interesting analysis @emeka3755! I see the SMAs you're talking about. I'm still trying to understand how they work tbh. If it breaks 155, how high do you *really* think it could go? I'm always worried about entering too late and then it just pulls back. Thnk i need to study this more over the weekend.