@pverma316 on USDJPY | PriceONN Community
USDJPY is looking pretty bullish, ngl. RSI is overbought though, so a pullback could be coming soon. I'm thinking of going long, but waiting for a better entry point. What are your thoughts on the current trend, and where do you see it heading? Any key levels to watch out for?
Replies
Also, keeping an eye on those pivot points... R1 at 154.764 might act as resistance. Gotta be careful. Waiting for confirmation before making any moves.
Update: Just noticed the 20 SMA is about to cross above the 200 SMA. That could be a bullish signal, but I'm still cautious because of the overbought RSI. Maybe wait for a retest of the SMAs before entering a long position? What do you guys think?