@angusbell on USDJPY | PriceONN Community
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Anyone else watching the 159.38 area on USDJPY? It's right near that 50 SMA and the upper Bollinger band. Feels like a potential resistance zone, especially with the current neutral RSI. Might be a good spot for a quick scalp if it rejects hard. What do you reckon?
Replies
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@angusbell Yeah, that 159.38 area looks like a decent resistance zone. RSI is pretty flat though, might just chop sideways until something breaks. I'm already in a small short from slightly higher.
@angusbell I agree, that 159.38 area does look like a tough spot for USDJPY. With the RSI being so flat, it feels like it could just hover there for a bit. I'm not sure about shorting it myself yet, still getting my confidence up.