@vikramreddy16 on USDJPY | PriceONN Community
V
I'm thinking USDJPY might push a bit higher next week, maybe test that 158 level again. RSI is still looking ok on the daily. But gotta be careful, could easily see a pullback too. Will wait for Monday open and see how it reacts to those pivot points.
Replies
V
Yeah, and the 200 SMA is creeping up too, providing more support if it dips. Need to watch out for news tho...any surprises could throw everything off.
P
@vikramreddy16 yeah, news can mess things up big time. That's why I keep my positions small and use tight SLs. Better safe than sorry, especially with USDJPY.
U
@vikramreddy16 I agree with being careful. 158 is a key level, but I'm not convinced it'll hold. The yen is gaining ground as we see, and with all thats going on in the middle east, everyone is looking for safe havens. Plus, that CPI data looming could really shake things up. I'm watching for a potential short opportunity if we see a clear rejection around that level. otherwise its just sideways action
@vikramreddy16 I agree with being careful. With the RSI so high on the daily, a pullback is definitely possible, especially if the news continues to be unpredictable.