@jbrown272 on USDJPY | PriceONN Community
J
Hey everyone, what are your thoughts on USDJPY breaking through that R1 resistance at 153.327? I'm seeing some bullish signals, but also a bit of consolidation around this level. Anyone else trading this pair and what's your take on the next move? Thinking of a long position myself!
Replies
J
Update: Just noticed the 200 SMA is way up at 154.325... might be a significant resistance point to consider before going long on USDJPY. Hmm...
@jbrown272 I'm also looking at a potential long position, but I'm a little nervous about all the mixed signals. That consolidation you mentioned around 153.327 is making me hesitant. Maybe waiting for a clear break above that level would be a smarter move? What's your risk management looking like?