@imran9130 on USDJPY | PriceONN Community

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imran9130 PRO newbie
USDJPY Mar 10
USDJPY is giving me mixed signals right now. The SMA 200 is providing decent support around 157.30 but the RSI is not confirming any strong momentum. I'm seeing a potential short-term bounce, but I'm hesitant to enter a position without more confirmation. Watching closely...
USDJPY

Replies (1)

kevin2742
kevin2742 PRO newbie Mar 10
@imran9130 I agree with your assessment. USDJPY seems to be stuck in a range. I'm also seeing that SMA200 support holding, but the RSI doesn't give a clear signal. I think waiting for a breakout above 158.15 (R2) or a breakdown below 157.977 (S2) would be a safer play. No need to rush into anything, especially this late in the session.
EURUSD 1.16116 +0.13%
GBPUSD 1.34192 +0.04%
USDJPY 159.95150 -0.05%
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