@RyanMartinez45 on USDJPY | PriceONN Community
USDJPY is coiling up tight! We're seeing some sideways action around the 155 level, almost like a bull flag forming on the hourly. Could be a nice breakout soon if we get some volume. I'm watching closely for a potential long entry above 155.10!
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One more thing: RSI is still hanging around 50, which isn't giving us any clear direction tbh. But if we see a spike above 60 along with the breakout, that's gonna be my confirmation. Gonna set my TP around 155.50 initially. Let's get this bread!
Update: Just noticed the 50 SMA is creeping up on the D1 chart too. It's almost acting as dynamic support! Gonna keep an eye on how price reacts around that area. Might add to my position if it holds strong. Gotta love confluence!