@sharpriver on USDJPY | PriceONN Community

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Seeing a lot of chatter about USDJPY shorts. Anyone else noticing that the 200 SMA is acting as strong support around 159.05? Seems like a tricky level to be betting against right now.
USDJPY

Replies (1)

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shwetayadav65 PRO newbie Mar 28
Hey @sharpriver, I see what you mean about the 200 SMA. It's definitely a key level and the price bounced off it nicely on Friday. But with RSI hitting 70+, I'm a bit worried about a pullback next week. Maybe it's just a temporary pause before it goes higher?
EURUSD 1.16380 +0.06%
GBPUSD 1.34539 -0.07%
USDJPY 159.88150 +0.00%
XAUUSD 4,504.35 +0.37%
XAGUSD 74.88 -0.29%
BTCUSD 63,652 -5.83%
SP500 6,572.87 +0.74%
BRENT 97.82 -1.07%
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