@OscarWright on USDJPY | PriceONN Community

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O
OscarWright PRO newbie
USDJPY Feb 22
Weekend chart analysis shows USDJPY kinda stuck. 50 SMA is right there at 155.038 but needs to break above 155.2 to confirm bullish momentum. Otherwise, could be heading back down to S1 at 154.991. Let's see what Monday brings!
USDJPY

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OscarWright PRO newbie Feb 22
Update: Looking closer at that H4 chart, there's a potential for a head and shoulders forming. If it completes, we could see a sharper drop than expected. But RSI is still neutral, so it's not a clear signal yet. I'm thinking of setting a tight SL just below 154.85 in case it goes south quickly. Gotta protect those profits! A small position maybe, just to test the waters before anything major happens. Planning to watch closely for any early monday morning gaps. Hopefully it will go in my favor!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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