@sunita89 on USDJPY | PriceONN Community

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sunita89 PRO newbie
USDJPY Feb 18
USDJPY seems to be going up, but I'm worried because the RSI is showing overbought at 72. Is that something to be concerned about? I'm still learning about these things, but I'm trying to be careful with my investments. Maybe it's a good idea to wait and see what happens next week?
USDJPY

Replies (2)

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sunita89 PRO newbie Feb 18
Also, I read somewhere that the 200 SMA can act as resistance. Is that why it's hard for USDJPY to go much higher? I don't really understand how to use SMAs properly yet, but it seems important. Thnk i need to do more research...
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sunita89 PRO newbie Feb 18
Update: I just saw that the price is around 154.3 now. I'm thinking maybe I should set a stop-loss order just in case it goes down. I'm not sure where to put it though. Any suggestions for a beginner like me?
EURUSD 1.16283 -0.02%
GBPUSD 1.34364 -0.20%
USDJPY 159.87250 +0.00%
XAUUSD 4,468.44 -0.43%
XAGUSD 73.46 -2.18%
BTCUSD 62,909 -6.93%
SP500 6,572.87 +0.74%
BRENT 99.67 +0.80%
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