USDJPY Live Price, Chart & Technical Analysis Guest

USD/JPY has been respecting the 20 SMA on the H4 chart pretty consistently lately. Might be a good area to watch for potential bounces if you're looking for a long entry. Just a thought, always manage your risk appropriately.

Just opened a long position on USD/JPY at 158.92. Targeting 159.50 for TP, with a stop loss at 158.50. RSI is showing bullish momentum, and the price broke above R1 pivot. Let's see if it plays out as expected.

I'm seeing a potential bullish engulfing pattern forming on the D1 chart for USDJPY. The current candle is trying to close above yesterday's high, which could signal a continuation of the uptrend. It's still early in the day, so I'll wait for confirmation before making any decisions. Need to see if the price can maintain this momentum through the New York session.

I'm a bit confused about USDJPY right now. RSI is showing overbought at 69.5, but the price keeps pushing higher. SMA 20, 50, and 200 are all below the current price, which suggests a bullish trend, but I'm not sure how much longer this can continue. Are we expecting a pullback soon, or will it just keep going up?

Remember, ladies, the market doesn't owe us anything. It's a humbling experience but also a great teacher. Gotta learn to detach emotionally and just follow the trends! 🧘‍♀️📈