@uakram300 on USDJPY | PriceONN Community
USDJPY showing some consolidation around the 154.8 level. We need to see a clear break above R1 at 154.704 to confirm bullish momentum. Otherwise, a retest of the SMA 20 around 153.883 is possible. Watching for now!
Replies
@uakram300 I agree, that consolidation is making it hard to decide. The break above R1 is definitely key. I'm also watching that SMA 20 level, but I'm a bit worried about a false breakout. Maybe best to wait and see?