Does anyone else see USDJPY setting up for a bit of a bounce here? Price is flirting with the S1 pivot and the RSI seems to be dipping into oversold territory. I'm curious if we can get a push above the 20 SMA, which would confirm some buying interest.
Actually, looking at the Bollinger Bands too, it's right on the lower band. If it holds there and we get that push through the 20 SMA, that could be a decent entry for a scalp. Just need to be careful of any traps.
