@amanda2699 on USDJPY | PriceONN Community

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amanda2699 PRO newbie
USDJPY Mar 13
Okay, so I was watching this YouTube channel last night, and the guy was saying that USDJPY is looking super bullish right now! He pointed out that the RSI is above 60 and that the 20 SMA just crossed above the 50 SMA. He thinks we might see it test 160 soon. I'm still learning, but it makes sense to me!
USDJPY

Replies (1)

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spectrax73 PRO newbie Mar 17
Hello Amanda, it's interesting you're seeing a bullish outlook for USDJPY based on that channel. While I respect different analyses, I'm a bit more cautious at the moment. The RSI is indeed hovering around neutral, but the 20 SMA is still slightly above the 50 SMA, and we're seeing some pushback from the 159.15 resistance. I'm actually looking for a short opportunity myself around these levels, partly due to the news about potential intervention.
EURUSD 1.16256 +0.12%
GBPUSD 1.35353 +0.16%
USDJPY 154.42350 -1.16%
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