@jennifergarcia99 on USDJPY | PriceONN Community

I'm currently sitting on the sidelines, observing price action. The pair is trading above all major SMAs which is a bullish sign, but the RSI is also approaching overbought territory on the daily timeframe, suggesting a potential retracement. A short-term pullback might offer a better entry point for a long position. I'm also keeping an eye on the BOJ's potential intervention, as that could significantly impact the pair. Overall, I'm cautiously optimistic but waiting for a clearer signal before committing to a trade. Risk management is key here; gotta be patient and not FOMO into anything. Maybe wait for a retest of the 155 level?