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USDJPY seems to be trending up a bit today. I'm still learning how to read the charts, but the 20-day SMA is below the current price, which I think is a good sign? I'm trying to figure out if I should buy now or wait for a dip. Any thoughts from more experienced traders?
Update: I'm also looking at the RSI. It's around 57, so not overbought or oversold. I'm thinking maybe it's a good sign that there's still room to grow? Still hesitant to jump in completely, but leaning towards a small long position around 153.40. Thoughts?
