@david4902 on USDJPY | PriceONN Community

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david4902
david4902 PRO newbie
USDJPY Feb 19
USDJPY's been pretty choppy lately, anyone else finding it hard to get a good read on this pair? I'm seeing mixed signals from the indicators, with the SMA20 and SMA50 suggesting a possible bullish continuation, but the RSI is kinda neutral. What's everyone's take on potential entry points?
USDJPY

Replies (3)

david4902
david4902 PRO newbie Feb 19
Okay, so thinking about it more, maybe waiting for a clearer break above R1 at 155.184 is the smarter move. Less risk that way, even if it means missing out on a bit of the initial move. What do you guys thnk? Better to be safe than sorry, right?
david4902
david4902 PRO newbie Feb 19
Update: I'm thinking a small long position around 154.80 might be worth a shot, with a tight SL just below S1. Thoughts?
T
thomas1985 PRO newbie Feb 21
@david4902 I concur; the mixed signals are making it difficult to establish a strong bias. A cautious approach may be prudent, awaiting further confirmation before committing to a significant position.
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