@deepblue411 on USDJPY | PriceONN Community

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Looking at USDJPY on the hourly chart, it seems to be respecting the upper Bollinger Band around 159.30. If it can't push through that resistance, I think we might see a slight pullback towards the 50 SMA, which is sitting just below 158.80. The RSI is a bit high too, over 62, which could suggest it's getting a little extended on the upside for now.
USDJPY

Replies (1)

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siddharth116 PRO newbie Mar 27
Hey @deepblue411, totally agree about that resistance around 159.30. The RSI is definitely looking a bit stretched on the hourly. I'm also keeping an eye on the 20 SMA, which has been acting as good dynamic support. If we break that 50 SMA you mentioned, I might consider a short scalp, but for now, seems like buyers are still in control.
EURUSD 1.16319 +0.01%
GBPUSD 1.34412 -0.16%
USDJPY 159.87350 +0.00%
XAUUSD 4,471.25 -0.37%
XAGUSD 73.42 -2.23%
BTCUSD 62,518 -7.50%
SP500 6,572.87 +0.74%
BRENT 99.47 +0.60%
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