@GamerTimothy on USDJPY | PriceONN Community
Just entered a long position on USDJPY at 159.58. The 50-period SMA is acting as support and RSI is holding steady above 50. Targeting the R1 pivot at 159.618 for a quick scalp, with a tight stop loss just below the current price action around 159.55. Let's see if this Asian session wakes up a bit.
Replies
Actually, I might adjust that target slightly higher if we see some momentum. Watching how it handles the upper Bollinger band around 159.76.
J
Hi @GamerTimothy, it's nice to see someone else is watching USDJPY! I'm still learning, so I get a bit nervous when I see others talking about specific technicals like SMAs and pivots. I saw the news about the US dollar strengthening after the jobs data, which I think might be why your trade is looking okay? I'm just hoping that news doesn't cause any big surprises for the yen next week. I'm not sure if I should even consider trading it when the market opens, it feels a little risky right now.