@ryan9665 on USDJPY | PriceONN Community
Watching USDJPY here. It's currently sitting just below the 50-day SMA around 158.74, and the 200-day SMA is also not too far above at 159.05. The RSI is sitting at 34 which is definitely in oversold territory, but that doesn't guarantee a bounce. We need to see price break above resistance at the pivot point (158.68) and then the R1 level (158.87) to even consider bullish momentum. For now, it's looking like continued choppiness with a bearish lean due to the RSI.
