@noah3234 on USDJPY | PriceONN Community
Watching USDJPY closely here during the London open. I think we're seeing some resistance build up around the 159.30 area, which is near the upper Bollinger band. If we can't break through that convincingly, I might be looking for a short opportunity.
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Actually, I just saw that the 200 SMA is sitting just below current price action around 159.00. That could act as a decent support level if we dip. Also, the price action on the H1 chart shows a bit of a double top forming near that 159.30 resistance I mentioned. So, it's a bit mixed, but if that double top confirms, I'd be looking to short. Need to see how the next hour plays out though, volume seems to be picking up.