@rajesh1988 on USDJPY | PriceONN Community

Update: Following up on my earlier comment, it's important to consider the broader economic picture. While the short-term trend is undoubtedly bullish, the long-term outlook remains uncertain. Inflationary pressures in the US and Japan's monetary policy decisions will play a crucial role in determining the future direction of USDJPY. A break above 155.00 could trigger further gains, but a failure to sustain that level may lead to a significant correction. I'm watching the 200 SMA on D1 closely as a key support level. The current RSI near 58 suggests there is still room for growth, but overbought conditions could develop quickly.

@rajesh1988 That's a great point about the need for caution! I agree that the upward momentum might not last forever. I'm also watching the RSI, which is currently neutral, but a move above 70 would definitely signal overbought conditions and a potential pullback. What indicators are you using to gauge the strength of the trend? I'm curious to see if we're looking at similar signals. Need to be ready for a reversal!