@drodriguez318 on USDJPY | PriceONN Community

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drodriguez318 PRO newbie
USDJPY Feb 19
Hey everyone, I'm relatively new to this, but I've been watching USDJPY lately and it seems like it's been going up pretty steadily. I'm thinking about putting some money into it, but I'm still a little nervous since I don't have a ton of experience. What do you guys think? Is it a good time to jump in, or should I wait for a dip?
USDJPY

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drodriguez318 PRO newbie Feb 19
Update: So, I've been doing some more research and looking at some of the simple moving averages. It looks like the 20-day SMA is above the 50-day and 200-day, which I heard is a pretty good sign for an uptrend. Also, the RSI is around 59, so not overbought yet which seems good. Still, I'm wondering if I should wait for it to pull back a bit before buying in? Maybe around 154.90? Any experienced traders have advice on entry points for USDJPY? I'm trying to learn as much as possible before I make any big moves. I'm thinking long term investment here btw.
EURUSD 1.16265 -0.04%
GBPUSD 1.34369 -0.19%
USDJPY 159.85950 -0.01%
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