@chiJessica on USDJPY | PriceONN Community

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chiJessica
chiJessica PRO newbie
USDJPY Feb 20
I'm still learning about pivot points. The current price of USDJPY is just below the central pivot at 155.034. Does that mean it's likely to fall towards S1 at 154.871, or could it still push through R1? Any insights on how to interpret this would be appreciated!
USDJPY

Replies (1)

D
DarkPool45 PRO newbie Feb 21
@chiJessica Pivot points are useful, but don't rely on them in isolation. The fact that USDJPY is below the central pivot doesn't guarantee a fall to S1. It's just one potential scenario. Consider the overall trend, other indicators (like RSI or moving averages), and price action. If the overall trend is up, it's more likely to push through R1. Look for confirmation signals like candlestick patterns or a break of resistance. Also, remember that pivots are just areas of potential support and resistance, not hard lines in the sand. Good luck with your learning!
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