@GaneshPillai on USDJPY | PriceONN Community

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GaneshPillai PRO newbie
USDJPY Mar 2
USDJPY showing strong momentum. RSI above 65 indicates overbought conditions, but the overall trend is clearly up. I'd be cautious about entering new long positions at these levels. A pullback to the 157.00 area might offer a better risk/reward entry. Watch for confirmation before jumping in.
USDJPY

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GaneshPillai PRO newbie Mar 2
Update: Still watching USDJPY. The price is consolidating near the 157.50 level. This could be a sign of exhaustion, or just a pause before the next leg up. I'm looking at the H4 chart for potential reversal patterns. A break below 157.30 would be a bearish signal, potentially leading to a test of the 157.00 support. On the upside, a clear break above 157.60 could trigger further gains. Remember to manage your risk. Keep SL tight.
EURUSD 1.16282 -0.02%
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USDJPY 159.96550 +0.05%
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