@josewalker64 on USDJPY | PriceONN Community

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J
USDJPY still trending up, but getting a little choppy. I'm watching for a pullback to the 154.8 area (50 SMA) for a potential long entry. If it breaks below that, could be a bigger correction coming. Patience is key, folks!
USDJPY

Replies (1)

A
aishwaryarao21 PRO newbie Mar 2
@josewalker64 I agree, patience is key! I was also looking at the 50 SMA around 156.20 as a potential support level. A pullback there could be a good buying opportunity. But with the RSI so high, I'm hesitant to jump in right away. Maybe wait for a confirmation candle or a break of the overbought condition before entering long. What indicators are you watching besides the SMA?
EURUSD 1.16141 -0.09%
GBPUSD 1.35175 -0.04%
USDJPY 156.18500 +0.25%
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