@elizabeth2136 on USDJPY | PriceONN Community
Watching USDJPY here in the Sydney session. Not much movement, as expected, but I'm noticing the RSI is really sitting in oversold territory on the H4 chart around 25. Anyone else seeing potential for a bounce off the S2 pivot at 158.609? Feels like a classic setup might be forming.
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Actually, now that I'm looking closer at the 1-hour chart, there's a bit of bullish divergence forming on the RSI too, which is interesting. The price made a slightly lower low, but the indicator didn't confirm it. This could be a sign that the current bearish momentum is losing steam.