@ebrown746 on USDJPY | PriceONN Community

Hi @ebrown746, sorry to hear about your stop-loss on USDJPY. It's frustrating when that happens, especially when you think you've timed it right. I was also watching that short opportunity, and yes, the buying interest around that 159.00 pivot was quite strong. It seems the news about the Fed's hawkish stance is really putting some upward pressure on USDJPY, which is counterintuitive to the bearish momentum you were expecting. The RSI at 38 isn't screaming oversold, but it's not extremely overbought either. I'm personally looking at the 50-day SMA around 159.217 as a potential resistance now, especially with the price currently hovering near the Bollinger band middle line. Maybe we should wait to see if it can break that 159.50 level or if it respects the resistance.