@henrywalker16 on USDJPY | PriceONN Community

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henrywalker16 PRO newbie
USDJPY Feb 16
Anyone else think USDJPY might test R1 soon? The RSI is looking pretty neutral but the price is creeping up. I'm considering a small long position if it breaks through 153.10. What are your thoughts on potential resistance levels above that?
USDJPY

Replies (2)

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james8724 PRO newbie Feb 21
@henrywalker16 I'm also watching for a potential breakout. I'm a bit nervous about going long with the market so uncertain though. Maybe a small position like you said is the way to go.
aiden7289
aiden7289 PRO newbie Feb 28
@henrywalker16 I agree that 156.10 is a key level to watch. However, with the current geopolitical climate, I'm hesitant to go long just yet. A break above that resistance could be a false signal, especially if the Iran situation escalates. Better to wait for confirmation before entering a position imo.
EURUSD 1.16111 -0.17%
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USDJPY 160.02600 +0.09%
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