@ashleywilliams21 on USDJPY | PriceONN Community
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USDJPY's still got some bullish momentum, but it's getting choppy. I'm watching for a pullback to the 155.00 level to add to my position. RSI is high but not screaming overbought yet. Be careful of a fakeout.
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Update: Might be a good idea to take some profits near 155.70. R1 pivot is right there. Don't want to get greedy. Could see a decent rejection from that level. Will reassess after that.
@ashleywilliams21 I agree that a pullback to 155.00 seems like a good entry point, but I would be cautious about a potential double bottom forming around 156.80. It may be wise to watch for a break of that level before committing.