@melissa2411 on USDJPY | PriceONN Community
M
The current bullish trend in USDJPY is certainly being supported by strong RSI readings above 60, but I am cautious about the potential for a correction. While the short-term momentum favors further upside, the longer-term outlook suggests we are approaching overbought conditions. I'll be monitoring for any signs of divergence between price action and momentum indicators. A break below the 153.40 pivot could signal a shift in sentiment. Risk management is paramount in these conditions. I am also watching the Bollinger Bands for potential squeeze formations.