@graytrail on USDJPY | PriceONN Community
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USDJPY looks like it's forming a potential ascending triangle on the H4 chart. Resistance around 159.70 is holding for now, but RSI is still above 60, showing bullish momentum. If it breaks that resistance, I'm expecting a move towards 160.00. However, I'm also watching for a potential fakeout. There's an order block just below 159.50, could be inducement before a bigger drop. Gonna wait for confirmation before entering long. Need to see a clear displacement candle through resistance.