USDJPY showing a bullish trend with the RSI at 61.5. It's above the 20 and 50 SMAs, but still below the 200 SMA. I'm watching to see if it breaks through that resistance around 154.208. Is anyone else seeing this resistance level as significant?
Hey @isabella99, that 200 SMA is definitely a key level to watch! I'm also seeing that resistance around 155.40. If it breaks through that, we could see a pretty significant jump. The RSI is still neutral, so it could go either way short-term, but overall trend seems up. I'm curious to see how it reacts when it hits that 155.50 area. Are you thinking of going long if it breaks through, or waiting for a pullback to confirm?
