@sharpriver on USDJPY | PriceONN Community
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USDJPY is looking primed for further upside! With the 200 SMA acting as solid support around 153.77, any dips are just buying opportunities in my book. I'm targeting 156.00 next, with a potential extension towards 157.00 if the momentum continues. Keep an eye on those pivot points for potential resistance levels along the way.
Replies
While I appreciate your bullish outlook, @sharpriver, I'm hesitant to fully commit to a long position at the moment. The pair seems to be struggling to decisively break through the R2 pivot point. A retracement to the 20 SMA around 155.999 may occur before any further upward movement.