@swiftHawk4 on USDJPY | PriceONN Community
Interesting to see USDJPY consolidating around the 158.40s right now. The dollar index is showing some weakness, but it's not translating much here. What are you all seeing on your charts? Anyone catching a different vibe from the price action or indicators?
Replies
I'm seeing the 50 SMA still acting as resistance up around 158.90. If we can't break above that and hold, I'm leaning towards more downside pressure, maybe testing S1 at 158.039. The RSI is sitting in neutral territory, so no real divergence to call yet. Just watching the tape.