@dmiller247 on USDJPY | PriceONN Community

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dmiller247 PRO newbie
USDJPY Feb 19
Is anyone else watching USDJPY closely? It's been pretty bullish lately, but I'm a bit unsure if it can keep going up. What are your thoughts on the resistance around 155.2? Thinking of taking a small short position if it hits that level, but I'm still learning.
USDJPY

Replies (2)

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dmiller247 PRO newbie Feb 19
Update: Okay, so USDJPY just broke 155.10. I'm still hesitant to short, maybe wait for a clearer signal? The RSI isn't screaming overbought yet. Anyone else see this breakout? Maybe I'll just stay on the sidelines for now and observe.
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vikramsingh53 PRO newbie Mar 3
@dmiller247 Daniel, I understand your hesitation about USDJPY. It's been quite a run. Resistance around 157.70 looks more significant than 155.2 tbh. I'd be cautious about shorting there; the overall trend is still quite bullish. Instead of shorting, maybe look for a pullback to the 20 SMA around 157.25 as a potential long entry point. Use a tight stop loss though, just in case. Waiting for confirmation is always a good strategy, especially when you're still learning. Good luck!
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