@tmahlangu616 on USDJPY | PriceONN Community
Planning my strategy for Monday, I'm thinking of watching the opening price action closely. Given the neutral RSI and the price hovering around the 50 SMA (155.038), a breakout in either direction is possible. I'll set alerts slightly above R1 (155.213) and below S1 (154.991) from the pivot points. If it breaks above R1 with good volume, I'll consider a long position with a tight stop loss. Conversely, if it breaks below S1, I'll look at a short opportunity. Risk management is key, especially with potential gap risk over the weekend. Let's see what happens.