@stephanieharris52 on USDJPY | PriceONN Community
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USDJPY appears to be in a short-term downtrend based on the recent price action and RSI below 50. The pair is currently trading below the 20 and 50 SMAs, suggesting further potential downside. Traders should watch for a break below S1 at 152.874 for confirmation of continued bearish momentum.
Replies
@stephanieharris52, I see what you mean about the downtrend, but the price is above the 200 SMA. Does that mean the long-term trend is still up?