@zahmed874 on USDJPY | PriceONN Community
Z
USDJPY still seems bullish to me. SMA 20 is just above the 50, which is a good sign. But I'm also keeping an eye on that 200 SMA around 155.12. If it can break that, we might see a good run. Otherwise, expect some resistance there. Need to see more volume though.
Replies
That's a good point about the SMA 200, @zahmed874. If USDJPY breaks below that level, it could signal a significant trend reversal. However, the RSI is currently hovering around 50, indicating a neutral momentum. Need more confluence to confirm a bearish bias.