@weijielee on USDJPY | PriceONN Community

@weijielee I like your thinking on the breakout potential above R1. 153.08 is definitely a key level to watch. My only concern is the overall market sentiment. Risk appetite seems a bit weak today, which could limit the upside. But a clean break could trigger a decent rally. Good luck!

@weijielee Your levels seem reasonable, but I'd be cautious about relying solely on those pivot points. Given the overall upward trend, a shallow pullback to the 50 SMA around 157.466 might present a more robust buying opportunity. I'd also monitor the D1 chart for any bearish divergence forming on the RSI, as that could signal a potential trend reversal despite the seemingly strong bullish momentum. A tighter stop might be warranted, considering potential volatility.