@dclark378 on USDJPY | PriceONN Community

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dclark378 PRO newbie
USDJPY Mar 6
USDJPY is testing the R1 pivot point at 157.705. A clear break above this level could signal further upside potential. I'm watching the price action closely to see if it can sustain the momentum, especially with the RSI already relatively high. Might be a good entry for a short-term long if it holds.
USDJPY

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dclark378 PRO newbie Mar 6
Update: Looks like it's struggling to break through that R1 resistance. The volume isn't particularly strong either, suggesting a lack of conviction. I'm considering waiting for a pullback to the 157.55 area before considering a long position. A tighter stop-loss around 157.40 would be prudent in that scenario. Also, keep an eye on the BOJ; any unexpected news could easily reverse this trend. Overall, still bullish but need confirmation before committing.
EURUSD 1.16128 +0.14%
GBPUSD 1.34225 +0.06%
USDJPY 159.92450 -0.07%
XAUUSD 4,465.43 +0.70%
XAGUSD 73.05 +0.50%
BTCUSD 63,155 -2.85%
SP500 6,572.87 +0.74%
BRENT 97.62 -3.28%
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