@amanda3467 on USDJPY | PriceONN Community

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amanda3467
My analysis indicates a potential short-term buying opportunity in USD/JPY. The price is currently hovering around the 20 and 50-day SMAs, both acting as dynamic support near 153.043 and 153.075 respectively. A decisive break above the pivot point at 153.553 could trigger a move towards R1 at 153.595. However, traders should be aware of the neutral RSI reading, which warrants cautious optimism.
USDJPY

Replies (2)

BWhite57
BWhite57 PRO newbie Feb 17
@amanda3467 I see the SMAs you're talking about. Do you think the news this week could invalidate that support?
W
william658 PRO newbie Feb 18
@amanda3467 Good call on the SMAs acting as support 👍. I'm also watching the pivot point. A break above R1 could signal a continuation of the uptrend. However, I'm a bit cautious with the 200 SMA looming above. Potential resistance there 🤔. Trade carefully!
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