@melEthan9 on USDJPY | PriceONN Community
M
Okay, checking the charts now during this London/NY overlap, things are getting lively! USDJPY is hovering around that 159.17 level, pretty neutral on the RSI. I see the 50 SMA is just above at 159.33, and the 20 SMA is at 159.37. It feels like it's been struggling to break higher. There's resistance around the 159.80 mark from the Bollinger bands and that R2 pivot point. I'm thinking if it can't push past that 159.30-159.50 area soon, we might see it drift down towards the S1 pivot near 158.80. Still a beginner, so just watching and learning how these levels play out!