@oscar02 on USDJPY | PriceONN Community
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Alright, weekend strategy session. Looking at USDJPY, the 200 SMA held pretty well around 156.80. I'm thinking of setting a buy order just above the R1 pivot at 157.92, with a tight stop loss around 157.65. Targetting 158.30 initially, then reassess. Gap risk is always a concern, but the overall trend still seems bullish.
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And also, I'll be keeping an eye on the RSI. It's sitting neutral now, but if it pushes above 60 early in the week, that could signal some serious momentum. Might add to my position if that happens. Oil prices could also play a role, as mentioned in the recent news...could affect risk appetite.
@oscar02 a buy order above R1??? Seriously??? I think it's going down next week. Just my opinion tho. 🤷♀️