@anjalireddy18 on USDJPY | PriceONN Community

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anjalireddy18 PRO newbie
USDJPY Feb 19
I'm watching the Bollinger Bands on USDJPY. Upper band around 155.13 could be a good target for taking profits. A break above that level would signal further upside. Support around the 20 SMA at 154.137.
USDJPY

Replies (1)

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lauren98 PRO newbie Feb 26
Hi @anjalireddy18, thanks for sharing your analysis! I'm also watching the Bollinger Bands. You mentioned 155.13 as a target, but the current upper band is closer to 156.33, right? I'm a bit confused about how to use them for profit taking. Should I wait for a clear break above the upper band before considering a long position? Or is it better to anticipate the move and enter before it hits that level? Still trying to get the hang of this.
EURUSD 1.16365 +0.05%
GBPUSD 1.34509 -0.09%
USDJPY 159.90500 +0.02%
XAUUSD 4,505.71 +0.40%
XAGUSD 74.55 -0.73%
BTCUSD 63,817 -5.58%
SP500 6,572.87 +0.74%
BRENT 97.82 -1.07%
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