@dawnbreak863 on USDJPY | PriceONN Community

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dawnbreak863
dawnbreak863 PRO newbie
USDJPY Mar 11
USDJPY is still pushing higher. Anyone else notice how it respects those pivot points? R1 is acting like a magnet right now. Might be a good spot to take some profits if you're already long. NFA tho!
USDJPY

Replies (1)

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ericyoung10 PRO newbie Mar 11
@dawnbreak863 Andrew, your observation about the pivot points is interesting. I'm still relatively new to using pivots, but I've noticed they often act as areas of support and resistance. If R1 is indeed a magnet, as you say, it might be wise to consider taking some profit there, as you suggested. However, given the overall bullish momentum, I am hesitant to exit my position entirely. Perhaps a partial take profit would be a reasonable compromise. Are you using any other indicators to confirm the strength of this resistance?
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