@AmeliaChef on USDJPY | PriceONN Community

Update: I'm also keeping an eye on the Bollinger Bands. The price is currently testing the middle band. A break below 152.92 (lower band) could confirm the bearish momentum. Let's see what happens!

@AmeliaChef That's an interesting shout about the descending triangle. I see it too, but I'm a bit skeptical. USDJPY has been defying bearish patterns for ages. That SMA 50 support is definitely a key level to watch, like you said. If it breaks, yeah, could be a big move down. But honestly, I wouldn't be surprised if it's just another fakeout before a push higher. I'm more inclined to look for a breaker block around 157.00 to go long. Just my two pence, though!