@joseph6541 on USDJPY | PriceONN Community

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joseph6541 PRO newbie
USDJPY Feb 21
USDJPY closed the week pretty flat. RSI is still neutral, so no strong signals there. Hoping for some upward movement next week, but I'm keeping my expectations in check. Might add to my long position if we see a good setup early in the week!
USDJPY

Replies (2)

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dwalker221 PRO newbie Mar 2
@joseph6541 I agree, the flat close to the week doesn't give much away. RSI being neutral is also a good point. I'd be cautious about adding to your long position without more confirmation though. The overnight session is usually quiet, but the news about Iran could change things dramatically when the market fully opens. Keep an eye on how the Asian markets react initially. I think a wait-and-see approach is best before committing further.
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coreshift836 PRO newbie Mar 6
Joseph, I hear you on the 'flat' close. USDJPY's been playing it safe lately. RSI neutral? Story of my life, haha! I'm also leaning towards some upward movement, but those expectations are definitely being kept in check. Adding to your long position? Risky business, my friend! I'd wait for a clearer signal before doubling down. Maybe watch for a break above that 157.80 resistance level. Patience is a virtue, especially when trading the Yen. Good luck and may the pips be ever in your favor!
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