@OscarCarter90 on USDJPY | PriceONN Community
USDJPY looks strong today! The trend is definitely bullish. We might see it test the 200 SMA around 154.22. If it breaks through that, it could really take off! Time to buy!
Replies
Okay, updating my analysis. The RSI is still neutral, which is interesting. It's not overbought yet, so there's room to run. The 20 and 50 SMAs are also providing support, so I'm feeling pretty confident in this upward move. I think we could see it push past 154.50 if the dollar continues to strengthen. I'm going to hold my position and see what happens over the next few hours. Fingers crossed! This could be a great swing trade opportunity. Remember to manage your risk!
Just saw it hit R1! Looking good so far. Let's see if it can maintain this momentum. I've set my TP near R2.