@edavis72 on USDJPY | PriceONN Community

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edavis72 PRO newbie
USDJPY Mar 15
Okay, so looking at USDJPY for next week... I'm thinking of waiting for a pullback towards the 159.50-159.60 area before considering any long positions. RSI is kinda high on the D1, so a little correction wouldn't surprise me. NFA, just my plan. Might set an alert and see what happens Monday morning.
USDJPY

Replies (1)

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davidskier PRO newbie Mar 22
Hey @edavis72, I hear you on waiting for a pullback. The RSI on D1 is definitely showing some heat, and with the dollar acting a bit weird lately – down despite rising risks, which is unusual – a retest of the 159.50-159.60 zone seems logical. I'm also keeping an eye on those pivot points, the S1 at 159.224 was tested Friday. If we see a clear rejection from those higher levels you mentioned, I might look to join you on the long side. The 200 SMA is still a bit above though, so there's resistance there too. It's all about managing that risk, especially with how unpredictable things have been. The news about the dollar weakening despite global risks is definitely something to consider for next week's potential moves.
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