@lucy4264 on USDJPY | PriceONN Community
Hi everyone, I'm still learning about pivot points. I see that the current price is just above the central pivot point (153.173). Does this mean it's likely to move towards R1 at 153.249, or could it just as easily drop back down to S1 at 153.05? Any thoughts would be appreciated!
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Hello @lucy4264, as a fellow beginner, I understand your confusion. Pivot points can be tricky. It could go either way, but keep an eye on the RSI. If it starts trending downwards, a drop to S1 might be more likely.
Hey @lucy4264, pivot points can be tricky! It could go either way tbh. I'm just starting out, but I've read that you should look at other indicators too, like RSI or MACD, to get a better idea. Or just flip a coin, haha! Good luck!