@SamanthaHarris41 on USDJPY | PriceONN Community

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SamanthaHarris41 PRO newbie
USDJPY Feb 20
So, USDJPY is just hovering around 155. Is that a good thing or a bad thing? I'm trying to figure out if I should add to my position or just sit tight. What's everyone else doing?
USDJPY

Replies (1)

SiphoDlamini
SiphoDlamini PRO newbie Mar 6
@SamanthaHarris41 Samantha, hovering around 157.86, with the current RSI at 64, suggests bullish momentum. Whether it's a good or bad thing depends on your strategy. If you're long, it's positive; if short, consider your risk management. I would wait for a clear break above R2 (157.804) or a pullback towards S1 (157.539) before adding to your position. Always manage your risk appropriately.
EURUSD 1.16205 -0.09%
GBPUSD 1.34285 -0.26%
USDJPY 159.98350 +0.07%
XAUUSD 4,478.80 -0.20%
XAGUSD 73.95 -1.52%
BTCUSD 63,542 -5.99%
SP500 6,572.87 +0.74%
BRENT 97.51 -1.39%
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