@khassan737 on USDJPY | PriceONN Community
K
Okay, diving a bit deeper into USDJPY... I'm noticing a potential ascending triangle forming on the H4 chart. We've got a series of higher lows pushing against resistance around 157.50. If we see a confirmed breakout above that resistance, with decent volume, it could signal a strong continuation upwards. My concern is the RSI hovering near 60 – it's not overbought yet, but it's something to keep an eye on. I'll be waiting for a clear breakout and retest of 157.50 before considering a long position. A tight stop-loss just below the breakout level would be prudent, in my opinion. This could be a good setup if it plays out.