@christopherwilliams20 on USDJPY | PriceONN Community

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christopherwilliams20 PRO newbie
USDJPY Feb 20
USDJPY showing strong bullish momentum! RSI confirms the trend, and we're above all key SMAs. I'm looking for a breakout above R1 at 155.289 to target R2 at 155.387. Stop loss could be placed near the pivot point for a favorable risk-reward ratio!
USDJPY

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christopherwilliams20 PRO newbie Feb 20
Okay, update: I've initiated a long position at 155.25 with a tight stop loss just below S1 at 155.00. I'm aiming for a TP around 155.50. The 20 SMA crossing above the 50 SMA on the H4 chart is adding to my conviction. This could be a great opportunity to ride the wave! Let's see if this plays out according to plan, but data is very encouraging. I'll keep you all updated on the progress!
EURUSD 1.16195 -0.10%
GBPUSD 1.34356 -0.20%
USDJPY 159.89600 +0.01%
XAUUSD 4,464.59 -0.52%
XAGUSD 73.37 -2.30%
BTCUSD 62,752 -7.16%
SP500 6,572.87 +0.74%
BRENT 99.33 +0.46%
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