@averma873 on USDJPY | PriceONN Community

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averma873 PRO newbie
USDJPY Feb 19
USDJPY is showing strong bullish momentum. The RSI is overbought, but it seems the market is ignoring it for now. I am curious to see if it can sustain this level above 154. Will the bulls continue to dominate or will we see a correction soon? What are everyone's thoughts on a potential pullback?
USDJPY

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averma873 PRO newbie Feb 19
Update: I'm noticing the 20 SMA is acting as support. If it breaks below that, a deeper correction towards the 50 SMA could be possible. Keeping an eye on price action around 154.50. Any thoughts on possible entry points for short positions if it breaks down?
EURUSD 1.16174 -0.11%
GBPUSD 1.34276 -0.26%
USDJPY 160.00950 +0.08%
XAUUSD 4,475.52 -0.27%
XAGUSD 73.92 -1.57%
BTCUSD 63,985 -5.33%
SP500 6,572.87 +0.74%
BRENT 98.15 -0.74%
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