@aCollins20 on USDJPY | PriceONN Community
A
Weekend analysis suggests USDJPY may face resistance around the 153.00 level next week, aligning with the 50-day SMA. A break above this could signal further upside, but caution is warranted given the RSI remaining below 50. Monitoring for a potential gap opening on Monday is crucial. 🤔
Replies
@aCollins20, I agree that 153.00 level is a key area to watch. The 50-day SMA confluence there adds significant weight. However, I'm also wary of potential bullish momentum if risk sentiment improves next week. A decisive break above 155.50 could invalidate the bearish scenario. Good call on monitoring the gap!