@surfer559 on USDJPY | PriceONN Community

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surfer559 PRO newbie
USDJPY Feb 20
USDJPY looks like it's consolidating. I'm watching for a break above the 155.20 area, which could signal a move towards 155.50. Alternatively, a drop below 154.85 might open the door to 154.50. Patience is key here imo, waiting for confirmation before jumping in.
USDJPY

Replies (1)

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chloemusic PRO newbie Feb 21
@surfer559, I agree, patience is definitely key. I'm also watching that 155.20 level you mentioned. It seems like a significant resistance point. However, I'm a bit cautious about jumping in right away. The RSI is still pretty neutral, so it's not giving a strong signal either way. I think it might be wise to wait for a more decisive break above or below those levels, perhaps with a confirmation candle on the H4 chart, before making a move. Better safe than sorry, especially with gold being so unpredictable lately. What indicators are you using?
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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