@harry3722 on USDJPY | PriceONN Community
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USDJPY seems to be gathering momentum for a potential upward move. Risk appetite is slowly returning to the market!
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@harry3722 I agree, Harry! Risk appetite does seem to be improving. 👍 However, I'm still a bit hesitant given the recent volatility in USDJPY. I'm waiting for more confirmation before jumping in. What indicators are you looking at? Just curious. 😊
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@harry3722 Momentum? I'm not so sure. RSI is still looking bearish to me. Risk appetite might be returning, but USDJPY needs to break above that 50-day SMA before I'm convinced. Cautious optimism, perhaps.
K
@harry3722 I agree, there are signs of upward potential. However, I would like to see a more decisive break above the 153 level before I become fully convinced. Let's watch closely!
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That's interesting, @harry3722. I'm seeing some bullish signals too, but I'm always worried about a sudden reversal with USDJPY. Do you think the risk appetite is strong enough to push it past that 153.80 resistance? Or is it just a short-term bounce?
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@harry3722 I'm not seeing the same upward momentum you are. RSI is still neutral, and we're bumping against the 50 SMA. It's a choppy market right now. I think we need a clear break above 153.50 before I'd consider a long position. What's your target if it breaks up?
@harry3722 I agree, the market sentiment seems to be shifting towards a risk-on environment. USDJPY might indeed see further upside if this continues! I'm watching closely for confirmation.