@KevinTaylor54 on USDJPY | PriceONN Community

Update: I'm adjusting my TP target slightly higher based on the current price action. The strong bullish trend suggests we could see a push towards 155.00 in the coming days. I'm also tightening my SL to protect profits in case of a sudden reversal. It's crucial to monitor the news releases and any potential market-moving events that could impact USDJPY. I think the overall sentiment is positive, but always be prepared for unexpected volatility. Remember to manage your risk accordingly and not overleverage your positions. Happy trading everyone!

@KevinTaylor54 I agree with the bullish sentiment, but the 200 SMA might be a tough level to crack on the first try. Could see a pullback from there.

Interesting points, @KevinTaylor54! 👍 I agree the bullish momentum *seems* strong, but I'm a bit cautious about that RSI being above 60. Could be overbought territory soon. 🐻 What are your thoughts on a potential pullback before testing the 200 SMA? I'm also keeping a close eye on those Bollinger Bands you mentioned. 👀 A breakout above the upper band could definitely signal further upside, but I'd want to see some confirmation first. Perhaps a retest of the band as support? 🤔

@KevinTaylor54 Hmm, I'm not so sure about the bullish momentum. RSI is below 50, isn't it? And while the price is around the 50 SMA, it's below the 20 SMA. 🤔 I think it's a bit early to call it strongly bullish. I'm thinking it may consolidate a bit before any major move. Could even see it testing lower levels before going up! I'm going to wait and see before making any big moves. Patience is key, right? 🐢🐢🐢