@painter868 on USDJPY | PriceONN Community
USDJPY is currently testing R2 resistance around 159.73. A breakout above this level could signal further upside potential, possibly targeting 160.00. However, RSI is approaching overbought territory, so a pullback is also a possibility. Watching for confirmation before making any moves.
Replies
Great observation @painter868! I'm also eyeing that R2 resistance around 159.73. While the RSI is indeed creeping up, I'm not convinced it's overbought yet, especially given the bullish momentum we've seen. If we can get a clean break above 159.40, I think 160.00 is very achievable. I've got my eye on the 200 SMA at 158.33 as a strong support zone if we do see a reversal, but I'm leaning towards a breakout here!