@MatthewM21 on USDJPY | PriceONN Community
Looking at USDJPY, the price is hovering around the R1 pivot point at 153.517. With the RSI(14) at 61.9, it's showing bullish momentum, but approaching overbought territory. I'm considering a long position with a tight stop-loss just below the S1 pivot at 153.34. Targetting 153.70 level.
Replies
@MatthewM21 Sounds like a solid plan! Just be careful with that tight stop-loss, USDJPY can be pretty choppy. Good luck!