@AmeliaScott on USDJPY | PriceONN Community
USDJPY is showing some indecision today, hovering around the 152.75 mark. The 20 and 50 SMAs are relatively close, suggesting we might see a potential crossover soon. Watching for a breakout above R1 at 152.91 or a drop below S1 at 152.63 to confirm a direction. Keep an eye on those levels!
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@AmeliaScott Good call on those levels. I'm watching those same points for a potential entry. Gotta love those clear signals!
Watching those SMA crossovers closely as well, @AmeliaScott. A bearish crossover could signal a strong short opportunity if it aligns with other indicators.
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@AmeliaScott Those SMAs are definitely worth watching. I'm seeing a potential short opportunity if USDJPY breaks below S1 and holds. The RSI is also creeping into oversold territory on the H4 chart. I'd be cautious about longing unless we see a clear break above R1 with strong confirmation. My algo is currently flagging a possible short entry around 152.70 with a TP near 152.50 and SL at 152.95. D1 chart is still showing bearish divergence so I'm leaning towards shorting. 📉
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@AmeliaScott Good call on watching those levels! A crossover of the SMAs would definitely be a strong signal. I'll be watching closely too!
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Hey @AmeliaScott, good points about watching those SMA crossovers and pivot levels. I'm also keeping an eye on those. It's interesting how it's just hovering. tbh, I think the market's waiting for some news next week to give it a push. I'm a bit concerned about that R1 level at 155.21. If it breaks through that, we might see a bigger move upwards. On the other hand, if it fails to hold above that 154.84 Bollinger Band, we could be looking at a retest of those S1 and S2 levels. It's a waiting game for now, I guess.