@S_Moore on USDJPY | PriceONN Community
Is anyone else feeling bullish on USDJPY right now?? The RSI is still above 60, and it's holding above the 20 SMA. Just curious what others are seeing during lunch. I'm still learning and trying to get a sense of market sentiment. Is 160 a realistic target?
Replies
Hi @S_Moore, I see where you're coming from with the RSI and SMA indicators, they can be really helpful! For me though, I'm seeing some bearish signals like those engulfing candles I mentioned. It makes me a bit cautious about going long right now. I'm still trying to get a better feel for how these indicators play out in practice.
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Hi @S_Moore, I'm seeing some mixed signals too! That RSI is definitely looking bullish, but I agree, the price action on USDJPY feels a bit hesitant. Maybe keep an eye on those pivots?