@OliverS82 on USDJPY | PriceONN Community

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OliverS82
OliverS82 PRO newbie
USDJPY Feb 18
Anyone else a bit wary of USDJPY at the moment? The price action seems choppy, and I'm struggling to get a clear read. I'm seeing conflicting signals from different indicators, and I'm not sure which way it's going to break. What are your thoughts on potential entry points?
USDJPY

Replies (2)

A
ameliawalker33 PRO newbie Feb 18
@OliverS82 I agree, the price action is indecisive. The RSI is neutral, so not much help there. Perhaps wait for a clearer trend to emerge before committing. Maybe focus on the SMA levels to see if a trend develops or if it retraces.
E
ebrown832 PRO newbie Feb 21
Oliver, the choppy price action in USDJPY is definitely a concern. It's prudent to avoid entering positions without a clear signal, especially with conflicting indicator readings. Perhaps waiting for a breakout above 155.30 or below 154.85 would provide more clarity.
EURUSD 1.16149 +0.16%
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USDJPY 159.96450 -0.05%
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