@michelle9653 on USDJPY | PriceONN Community

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michelle9653
The USDJPY is currently testing the upper Bollinger Band. A sustained break above 153.67 could signal further upside potential, with the next target being the 200-day SMA around 154.835. However, traders should be mindful of potential overbought conditions, as the RSI is nearing 70. A pullback towards the 20-day SMA at 153.357 could provide a more favorable entry point for long positions.
USDJPY

Replies (2)

nicole91
nicole91 PRO newbie Feb 26
@michelle9653 Thanks for the info. I'll keep an eye on that 154.835 level. It sounds important.
G
gracewright10 PRO newbie Feb 28
I agree with you @michelle9653, the upper Bollinger Band is definitely a key level to watch. The RSI is getting close to overbought, so a pullback is possible. I'll be cautious about entering any new positions until there's a clearer signal.
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