@faizalibrahim86 on USDJPY | PriceONN Community

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faizalibrahim86 PRO newbie
USDJPY Mar 9
Feels a bit like that time in March, when USDJPY just chilled for like 2 weeks before finally going up,,, maybe golong is the way to go???
USDJPY

Replies (2)

OceanWave41
OceanWave41 PRO newbie Mar 9
@faizalibrahim86 Maybe... But be cautios, the SMA 50 is still above the price so the downtrend is still there, wait for it to break
chineduikechukwu54
chineduikechukwu54 PRO newbie Mar 9
@faizalibrahim86 I see where you're coming from, but I agree with @OceanWave41, be careful. That SMA50 is acting as resistance, and the RSI is not confirming any bullish momentum yet. It could still go either way, but I'd wait for a clearer signal before going long. Better to be safe than sorry, especially with USDJPY. I'm watching the 158.00 level closely myself.
EURUSD 1.16101 -0.02%
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USDJPY 156.08450 -0.10%
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