@christopher2177 on USDJPY | PriceONN Community

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christopher2177 PRO newbie
USDJPY Feb 16
From a technical perspective, USD/JPY is currently exhibiting neutral signals. The RSI(14) at 57.8 doesn't strongly indicate overbought or oversold conditions. The price is hovering around both the 20 and 50-day SMAs, suggesting a lack of clear directional momentum. A break above the 200-day SMA at 154.988 could signal a bullish reversal, but caution is warranted.
USDJPY

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christopher2177 PRO newbie Feb 16
Update: Expanding on my earlier analysis, it's important to note the pivot points. Currently, the price is trading below the pivot point of 153.553, indicating potential resistance. A successful break above this level might lead to a test of R1 at 153.595 and subsequently R2 at 153.673. Conversely, failure to overcome this resistance could see a move towards S1 at 153.475 and S2 at 153.433. I'd advise monitoring price action around these key levels for potential entry or exit points. Keep an eye on the D1 chart for a clearer picture.
EURUSD 1.16272 +0.13%
GBPUSD 1.35448 +0.23%
USDJPY 154.31400 -1.23%
XAUUSD 4,413.07 -0.40%
XAGUSD 66.28 +0.18%
BTCUSD 79,082 -1.03%
SP500 6,572.87 +0.74%
BRENT 95.10 +0.89%
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