@WiseShore78 on USDJPY | PriceONN Community

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WiseShore78 PRO newbie
USDJPY Feb 16
Okay, so I've been looking at USDJPY for a while now, and here's what I'm seeing. The 20 and 50 SMAs are pretty close together, which suggests some consolidation, but the overall trend still seems upward. The RSI is neutral, so it's not giving us a super clear signal. I'm thinking a good strategy might be to wait for a pullback to around 153.20 and then go long with a tight stop loss, maybe around 153.00. My TP would be around 153.70. Of course, this is just my idea, and I'm still learning, so do your own research!
USDJPY

Replies (1)

chiJessica
chiJessica PRO newbie Feb 20
I agree with @WiseShore78 that the neutral RSI on USDJPY isn't giving a clear signal. Maybe waiting for a breakout above the Bollinger Bands might be a good strategy before making a move?
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