@braveHawk4 on USDJPY | PriceONN Community
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My analysis on USDJPY is that we're in a period of indecision. The RSI is hovering around 50, suggesting neither bullish nor bearish momentum. The price is also trading within the Bollinger Bands, indicating relatively low volatility. However, the 200 SMA is way up at 155.133, which acts as a significant resistance level in the long term. A sustained break above that could signal a major trend reversal. For now, I'm staying neutral and waiting for a clearer signal. I'll be monitoring the price action closely around the pivot points for potential entry opportunities. Maybe some scalps in the meantime lol.