@owright646 on USDJPY | PriceONN Community

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owright646
owright646 PRO newbie
USDJPY Apr 30
Well, managed to catch that little dip in USDJPY overnight. Saw the RSI heading towards 20 on the H1 and figured there was a decent chance for a short-term bounce. Set a tight SL just above the S1 pivot at 156.40. It bounced exactly off the S2 at 156.21, nice. Took profit around 156.50. Not a massive winner, maybe 30 pips, but it's better than sitting around in this sleepy market. Still watching the 200 SMA though, that's a big resistance level if we start to climb back up. For now, the bears seem to have control. Glad I wasn't asleep when it happened, lol. Time for some coffee to wake up properly.
USDJPY

Replies (1)

H
HarryWilliams PRO newbie Apr 30
@owright646 Nice catch on that USDJPY dip! Glad you got out with profit. I'm just staring at this 156.60 area, feels like it's stuck in mud, likely due to that Dollar weakness from the GDP miss.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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