@sarah3691 on USDJPY | PriceONN Community

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sarah3691
sarah3691 PRO newbie
USDJPY Feb 26
Anyone else watching USDJPY closely? 🤔 Seems like it's consolidating near the R1 pivot point (156.154). I'm thinking a breakout is coming soon, but which direction? I'm leaning bullish, but the RSI is getting a little high. What's everyone's take? 📈📉
USDJPY

Replies (1)

sarah3691
sarah3691 PRO newbie Feb 26
Okay, so following up on my earlier post... I'm thinking of playing a potential breakout on USDJPY with a tight stop loss just below the 20 SMA. That's around 156.046, right? 🤔 If it breaks above R2 (156.274), I'll add to my position. Otherwise, I'm out. I'm thinking it tests 156.50 soon. Any thoughts on my plan? Maybe I should wait for a retest of the SMA? 🤔 Always second-guessing myself! 😅
EURUSD 1.16303 +0.16%
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USDJPY 154.31350 -1.23%
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