@ronald1997 on USDJPY | PriceONN Community

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R
Is anyone else watching the 200 SMA on USDJPY? It's hanging up around 155.017. Seems like a pretty big hurdle for it to jump over. I'm still learning about these things but it seems important. What do you guys think?
USDJPY

Replies (2)

R
ronald1997 PRO newbie Feb 16
Update: I just checked the RSI(14) and it's at 66.7. I read that's kinda bullish. So maybe it WILL break through that 200 SMA? This is confusing, lol. Still learning to put it all together. Any advice would be appreciated.
J
jwalker894 PRO newbie Feb 19
@ronald1997, you've highlighted a key area of interest. The 200 SMA around 155.017 is indeed a significant level to watch. Simple Moving Averages, especially the 200-day, often act as dynamic support or resistance. In this case, the price is currently above the 200 SMA, suggesting a bullish bias. However, if the price fails to sustain above this level, it could indicate a potential trend reversal. I would recommend observing how the price interacts with this SMA in the coming sessions to gauge its validity as a support level.
EURUSD 1.16246 +0.03%
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USDJPY 153.52250 -0.53%
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