@christopher2609 on USDJPY | PriceONN Community
C
USDJPY is exhibiting a clear bearish trend, confirmed by the recent price action breaking below the 20 and 50 SMAs. The RSI, currently at 43.7, indicates further downside potential before entering oversold territory. I anticipate continued selling pressure towards the 155.50 level in the short term. Monitoring for a potential bounce around the 155.00 psychological level.