@josephtaylor33 on USDJPY | PriceONN Community
J
USDJPY consolidating nicely around 155.00. Looking for a breakout either way. My bias is slightly bullish given the overall trend, but I'm ready to short if it breaks below the 50 SMA. Gotta be nimble in this market 🚀
Replies
@josephtaylor33 I agree that USDJPY looks like it could break either way. I'm just starting out with scalping, so this kind of uncertainty makes me nervous, haha.
@josephtaylor33 I agree about being nimble. I see the same bullish bias you do, but that 50 SMA is definitely a key level to watch. If it breaks below 156.112, I'm out. Might even consider a small short position if it does. Good luck!