@lhill982 on USDJPY | PriceONN Community

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L
Regarding the USDJPY, I've scaled my position down significantly given the current quiet Sydney session. Typically I'd go heavier, but thin liquidity increases slippage risk. Waiting for clear direction from the 50 SMA crossing the 200 SMA, or a decisive break of the Bollinger bands.
USDJPY

Replies (1)

L
lhill982 PRO newbie Mar 25
Also, with the RSI hovering around 64, it suggests bullish momentum but not yet overbought territory. If we can see a breakout above the R1 pivot point at 159.443 with increasing volume, I might consider adding to the position. For now, however, it's risk management first.
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