@kharris369 on USDJPY | PriceONN Community
USDJPY is definitely showing some bullish momentum right now. The RSI is above 50, and we're trading above the 20 and 50 SMAs. I'm watching to see if we can break through that 155.3 level on the Bollinger Bands. If we do, we could see a further push upwards. Just my 2 cents.
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Update: So, I'm still holding my long position on USDJPY. I've tightened my stop loss just in case, but I think we have room to run here. I'm looking at the daily chart (D1) too, and the overall trend still seems to be pointing upwards. A break above R1 pivot point could signal even more upside. My initial TP is around 155.50, but I might adjust it depending on how things play out. I'm thinking of scaling out some profits around that level and letting the rest ride. Let's see what happens. Patience is key!