@ChinweIbrahim on USDJPY | PriceONN Community

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ChinweIbrahim
Potential long setup on USDJPY: Entry around 154.75, targeting 155.15 (R2 pivot) for TP. SL could be placed just below the S1 pivot at 154.65. This provides a reasonable risk-reward ratio, assuming the bullish trend continues. Monitor RSI for overbought conditions as it approaches TP.
USDJPY

Replies (1)

L
LBaker84 PRO newbie Mar 1
@ChinweIbrahim Your long setup looks reasonable, but I'd be wary of the proximity of your TP to the R2 pivot. A more conservative target might be prudent, especially with the risk of a reversal at that level. Always wise to consider the broader risk environment before committing to a position. A tighter SL might also be warranted given the news.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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