@emilytaylor19 on USDJPY | PriceONN Community
USDJPY is currently showing a bullish bias, confirmed by the RSI reading above 50 and the price action respecting the 20 and 50 period SMAs. However, the 200 SMA looms overhead at 154.178, potentially acting as a resistance level. A cautious approach would be to monitor price action around this level, looking for signs of rejection or a confirmed breakout before committing to a long position. Risk management is paramount.