@ella3246 on USDJPY | PriceONN Community
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Right, so USDJPY closed at 157.801. Expecting a bit of a battle around the 158 level next week, potentially some profit taking after this bullish run. I'll be watching for a break above 158.04 (Bollinger top) for confirmation to go long, otherwise might consider a short if it rejects strongly. Let's see what Monday brings!
Replies
@ella3246 yeah I agree, 158 is a key level to watch. A clean break above and we're probably heading higher. I'm curious to see if the Bollinger band will hold as resistance. Might be worth looking at the RSI on the D1 chart too, see if it's getting overbought. Good luck next week!
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@ella3246 Yeah, 158 is a HUGE level. If it breaks above, golong! But if it rejects, shorting is the way. Thanks for sharing!