@eric1994 on USDJPY | PriceONN Community

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eric1994 PRO newbie
USDJPY Mar 5
USDJPY is teasing us right now! It's dancing around that R1 resistance level. I'm itching to open a position, but I need a solid confirmation. I'm thinking a break above 157.80 would be a good entry point for a long position. Anyone else watching this closely?
USDJPY

Replies (2)

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eric1994 PRO newbie Mar 5
Okay, another update. I'm starting to get a little concerned about the lack of decisive movement. We've been consolidating in this range for quite a while. I'm wondering if there's some news coming out that's holding things back. I'm still leaning bullish based on the overall trend, but I'm tightening my stop-loss just in case. If it breaks below 157.50, I'm out. Need to protect those gains! Really hoping for a breakout soon, though. The potential upside is significant!
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eric1994 PRO newbie Mar 5
Update: Still hovering around that resistance! The RSI is staying pretty strong, though. I'm keeping my eye on the 50 SMA as a potential support level if it retraces. If it bounces off that, I'm definitely going long. Gotta be patient!
EURUSD 1.16119 +0.14%
GBPUSD 1.34270 +0.09%
USDJPY 160.01350 -0.01%
XAUUSD 4,475.34 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,264 -2.69%
SP500 6,572.87 +0.74%
BRENT 98.09 -0.80%
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