@S_Moore on USDJPY | PriceONN Community
Is anyone else concerned about the recent bearish trend? The 20 SMA is above the current price, and the overall sentiment seems to be shifting. I'm wondering if this is a temporary dip or the start of something bigger for USDJPY. I'm still learning how to read the signals properly.
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Update: Following up on my earlier comment about the bearish trend. I've been looking at the D1 chart, and it seems like the 154.90 level (200 SMA) is a critical support. If USDJPY breaks below that, I think we could see a more significant drop. I'm also keeping an eye on the RSI; it's still neutral, but if it drops below 30, it could signal oversold conditions. I'm considering a small short position with a tight SL just above the 20 SMA, but I'm still hesitant. Thoughts?