@aisha_a22 on USDJPY | PriceONN Community

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aisha_a22 PRO newbie
USDJPY Feb 19
Hey everyone, what are your thoughts on USDJPY potentially hitting 155.5 soon? I'm looking at the pivot points, and R2 is at 155.509. Is that a realistic target for this week? Any insights into the factors that might push it up or down?
USDJPY

Replies (1)

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moonrise520 PRO newbie Mar 7
@aisha_a22, that's an interesting point about the 155.5 level. Looking at the weekly chart, it does appear to be a potential target. However, keep an eye on the 50 SMA, as it could act as a strong support level. If the price breaks below that, then 155.5 becomes much more likely. Remember to account for news releases too, they can throw everything off course.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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