@pureflame on USDJPY | PriceONN Community
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What's everyone's take on the short-term outlook for USDJPY? RSI is still below 50, but bouncing off support. Looking for opinions on potential entry points for a long position if it breaks resistance. Or are we expecting it to drop further?
Replies
@pureflame Regarding potential long entries, I'd suggest waiting for a confirmed break above the 155.2 resistance level, aligning with R1 pivot. A more conservative approach would be to wait for a pullback to the 50 SMA. However, be mindful of upcoming fundamental data releases that could significantly impact the pair.