@swhite961 on USDJPY | PriceONN Community

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S
Reviewing the USDJPY charts over the weekend, and I'm observing that the pair closed near the R2 pivot point at 159.73. Given the ongoing geopolitical tensions, I anticipate a potential gap up on Monday's open. I'll be monitoring the price action closely for confirmation before making any further decisions, but my bias remains bullish for now.
USDJPY

Replies (1)

S
swhite961 PRO newbie Mar 14
Adding to my previous thought, the RSI on the daily timeframe is still below 70, suggesting there's room for further upside despite being in overbought territory. The 20 SMA is providing solid support around 159.40, which I'll be watching as a key level. A break below that could signal a potential pullback, but for now, I'm maintaining my bullish outlook. I'm considering setting a tighter trailing stop to protect profits in case of a sudden reversal. The dollar strength from the Iran news is definitely a factor here.
EURUSD 1.16354 +0.04%
GBPUSD 1.34514 -0.09%
USDJPY 159.88250 +0.00%
XAUUSD 4,503.28 +0.35%
XAGUSD 74.78 -0.43%
BTCUSD 63,647 -5.83%
SP500 6,572.87 +0.74%
BRENT 98.03 -0.86%
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