@llewis943 on USDJPY | PriceONN Community
Anyone else looking at USDJPY today? Seems like it's consolidating a bit. I'm trying to figure out if it's a good time to enter a long position, but I'm a bit hesitant with the current volatility. What are your thoughts on potential upside targets and support levels?
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Hey @llewis943! 👋 I see where you're coming from with the consolidation. I'd be cautious about going long right now. The RSI on the D1 chart is showing overbought conditions, which could signal a potential pullback. I'd wait for a clearer signal, maybe a break below 156.80 before considering a short position or a confirmed break above 157.20 for a long. Keep an eye on the overall risk appetite too! 😉 Good luck!
Update: So, I'm seeing USDJPY bounce off the 153.00 level. Might be a decent entry for a quick scalp, but the overall trend is still unclear to me. Thinking of waiting for a clearer signal before committing to a bigger position. Anyone else seeing this?
Hey @llewis943! 👋 I'm also watching USDJPY. Your hesitation is valid! It's been so choppy lately. I think waiting for a clearer signal might be a good idea. Maybe watch the support around 152.6 and resistance around 152.9? Just my thoughts though, I'm still learning too! 😄