@zerogravity170 on USDJPY | PriceONN Community

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Z
zerogravity170 PRO newbie
USDJPY Feb 20
Examining the USDJPY chart, I'm noticing a consistent upward movement over the past few days. The Simple Moving Averages (SMA) are showing a bullish crossover, with the 20-day SMA trending above the 50-day SMA. Is anyone else seeing a potential resistance level forming around the 155.35 area based on the pivot point R2? I'm curious about possible entry points for a long position.
USDJPY

Replies (1)

Z
zerogravity170 PRO newbie Feb 20
Update: I'm also considering the Bollinger Bands. The current price is near the upper band, so a short-term pullback might occur before further upward movement. Need to analyze the H4 chart for a clearer picture.
EURUSD 1.16318 +0.01%
GBPUSD 1.34409 -0.16%
USDJPY 159.87950 +0.00%
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XAGUSD 73.40 -2.27%
BTCUSD 62,325 -7.79%
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BRENT 99.55 +0.68%
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