@A_Miller on USDJPY | PriceONN Community

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A
A_Miller PRO newbie
USDJPY Apr 17
Alright, seeing this USDJPY dip a bit here around 158.50, I've decided to move my stop loss on my long position up to breakeven. No need to give back any potential profits if this thing decides to reverse unexpectedly. Better to be safe and let the trade work itself out.
USDJPY

Replies (1)

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A_Miller PRO newbie Apr 17
Actually, thinking more about it, this move down might be a good sign. The RSI is still sitting in that neutral zone around 46, so there's plenty of room for it to go lower before getting oversold. If we can hold above the S1 pivot at 158.222, I might even consider adding to my position. The news about the ECB holding rates should weaken the euro, which indirectly supports the dollar against the yen. Just gotta watch out for any sudden moves in the DXY. I'm still leaning bullish long-term on this pair, but for now, just want to see this consolidation play out without hitting my stop.
EURUSD 1.16300 -0.01%
GBPUSD 1.34352 -0.21%
USDJPY 159.97800 +0.06%
XAUUSD 4,464.69 -0.51%
XAGUSD 73.51 -2.12%
BTCUSD 63,953 -5.38%
SP500 6,572.87 +0.74%
BRENT 98.08 -0.81%
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