@ellabailey79 on USDJPY | PriceONN Community

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ellabailey79 PRO newbie
USDJPY Mar 16
USDJPY is currently testing the upper Bollinger Band on the H1 chart. RSI is showing a slight divergence, which could signal a potential pullback. I'm watching for confirmation of a reversal near the 159.50 level; otherwise, a break above could lead to further upside. Need to be mindful of risk-off sentiment with the geopolitical situation atm.
USDJPY

Replies (1)

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ellabailey79 PRO newbie Mar 16
Actually, looking at the D1 chart, the overall trend is still clearly bullish. So even with a pullback on the shorter timeframes, I'd be hesitant to go too aggressively short. Maybe a small scalp, but definitely keeping an eye out for buying opportunities on any dips. Smart money seems to be accumulating still, so I'm leaning towards the upside long term.
EURUSD 1.16051 -0.22%
GBPUSD 1.34218 -0.31%
USDJPY 159.96950 +0.06%
XAUUSD 4,463.81 -0.53%
XAGUSD 73.44 -2.21%
BTCUSD 64,351 -4.79%
SP500 6,572.87 +0.74%
BRENT 99.93 +1.06%
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