@pverma316 on USDJPY | PriceONN Community

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pverma316
pverma316 PRO newbie
USDJPY Feb 19
USDJPY is looking pretty bullish, ngl. RSI is overbought though, so a pullback could be coming soon. I'm thinking of going long, but waiting for a better entry point. What are your thoughts on the current trend, and where do you see it heading? Any key levels to watch out for?
USDJPY

Replies (2)

pverma316
pverma316 PRO newbie Feb 19
Also, keeping an eye on those pivot points... R1 at 154.764 might act as resistance. Gotta be careful. Waiting for confirmation before making any moves.
pverma316
pverma316 PRO newbie Feb 19
Update: Just noticed the 20 SMA is about to cross above the 200 SMA. That could be a bullish signal, but I'm still cautious because of the overbought RSI. Maybe wait for a retest of the SMAs before entering a long position? What do you guys think?
EURUSD 1.16137 -0.10%
GBPUSD 1.35196 -0.03%
USDJPY 156.05200 +0.17%
XAUUSD 4,430.40 -0.95%
XAGUSD 66.14 -1.21%
BTCUSD 79,989 +0.31%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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