@RunnerMatthew on USDJPY | PriceONN Community
USDJPY's been on a tear, no doubt. But looking at the D1 chart, we're approaching a pretty significant resistance level around 159.20-159.30. RSI is pushing into overbought territory too. Might be setting up for a pullback, especially if we get some USD weakness from the CPI data.
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And just to add to that, I'm seeing a potential bearish divergence forming on the H4 chart. Price making higher highs, but RSI is making lower highs. Could be an early signal that the momentum is slowing down. I'll be watching closely for confirmation around that 159.20 level. If it breaks, all bets are off lol.