@shweta_j20 on USDJPY | PriceONN Community
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Okay, checking the USDJPY charts again. It's sitting right at the S1 pivot point around 158.14, which is interesting given the RSI is deep in oversold territory at 22.9. We've also seen it dip below the 50-day SMA, which is usually a bearish sign, but the fact that it's holding this pivot could signal a bounce. I'm watching the 20-day SMA at 159.30 as a potential resistance level if it does turn around.