@david4902 on USDJPY | PriceONN Community
USDJPY's been pretty choppy lately, anyone else finding it hard to get a good read on this pair? I'm seeing mixed signals from the indicators, with the SMA20 and SMA50 suggesting a possible bullish continuation, but the RSI is kinda neutral. What's everyone's take on potential entry points?
Replies
Okay, so thinking about it more, maybe waiting for a clearer break above R1 at 155.184 is the smarter move. Less risk that way, even if it means missing out on a bit of the initial move. What do you guys thnk? Better to be safe than sorry, right?
Update: I'm thinking a small long position around 154.80 might be worth a shot, with a tight SL just below S1. Thoughts?
T
@david4902 I concur; the mixed signals are making it difficult to establish a strong bias. A cautious approach may be prudent, awaiting further confirmation before committing to a significant position.