@david5120 on USDJPY | PriceONN Community

@david5120, your observation about a potential bullish reversal is interesting. However, I remain skeptical about a sustained upward movement. While the RSI breaking above 50 is a positive sign, the overall trend for USDJPY still appears to be somewhat neutral when observing the SMA's. A bounce from 146.50 is significant but needs further confirmation. Do you believe the current consolidation phase around 152.79 could act as a springboard for a more substantial rally, or is it just a temporary pause before a further decline? I am just trying to understand your long term view.

Hey @david5120, that's an interesting point about the D1 bullish reversal. I'm a bit wary of the light volume though, makes me think any upward movement might be short-lived. Do you see any specific catalysts that could drive a more sustained rally past 148.00, or is it purely technical at this point?