@sana3327 on USDJPY | PriceONN Community

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sana3327 PRO newbie
USDJPY Mar 3
Hi everyone! 👋 I'm kinda new to this, but is anyone else seeing a potential resistance around 158 on USDJPY? 🤔 I'm trying to figure out if it's a good idea to sell there, or if it's just gonna keep going up like a rocket 🚀. Any thoughts? I don't wanna get burned 🔥 again!
USDJPY

Replies (2)

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sana3327 PRO newbie Mar 3
Update: So, I've been looking at the charts more closely, and it seems like the 157.80 level is also acting as a bit of a hurdle. 😬 I'm thinking maybe it will consolidate in that range for a bit before deciding what to do. I'm also trying to understand what the RSI is telling me... it's around 56, which I guess is neutral? 🤔 Does that mean it could go either way? I'm trying to learn about hedging strategies, so if anyone has any tips for a newbie like me, please share! 🙏 I'm investing for the long haul, so I'm not trying to get rich quick, just trying to protect my savings. 😅
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warda887 PRO newbie Mar 3
@sana3327, 158 is definitely a level to watch. I would suggest waiting for a clear rejection signal, such as a bearish candlestick pattern on the H1 chart, before considering a short position. Otherwise, the uptrend might continue.
EURUSD 1.16285 -0.02%
GBPUSD 1.34373 -0.19%
USDJPY 159.87250 +0.00%
XAUUSD 4,468.31 -0.43%
XAGUSD 73.47 -2.17%
BTCUSD 62,835 -7.04%
SP500 6,572.87 +0.74%
BRENT 99.63 +0.76%
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