@R_Allen on USDJPY | PriceONN Community

USDJPY is showing bullish momentum, currently trading around 153.51. The RSI(14) at 61.6 supports this, but we're approaching overbought territory. A potential pullback towards the 20-day SMA at 153.279 could present a buying opportunity, but risk management is crucial given the proximity to R1 at 153.531. Monitor for potential resistance near the 200-day SMA around 154.882.