@angela4345 on USDJPY | PriceONN Community

Building on my previous comment, the current bullish momentum in USDJPY may face resistance around the 155.80 level, which aligns with R2 pivot. A decisive break above this level could open the door for further gains towards 156.50. However, failure to sustain above 155.50 could trigger a short-term correction, potentially testing the 155.17 support level. I'll be watching the D1 candle close to confirm the strength of the current bullish move. A long position might be appropriate after a confirmed breakout, with a tight SL placed below the recent swing low.

@angela4345, your point about potential pullbacks is well-taken. While the SMAs suggest bullish momentum, the RSI's current reading indicates it's edging closer to oversold conditions. Prudence is key in these situations.