@rajeshpilot on USDJPY | PriceONN Community
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USDJPY is showing a very strong uptrend. The 20 SMA and 50 SMA are providing support! I'm thinking of entering a long position with a tight stop loss below the 20 SMA. However, the overbought RSI is a concern, so I'll be cautious. A small position size is advisable. We need to watch for any signs of reversal patterns on the H4 chart. If it breaks 155, it could run much higher! Keep an eye on the news releases as well. This could be a good swing trade opportunity! Happy trading!