@pilot553 on USDJPY | PriceONN Community
USDJPY is exhibiting a strong bullish trend, currently trading around 153.73. The RSI at 61.7 is supportive of further upside, although approaching overbought conditions. I'm watching for a potential retest of the 153.45 level (20 SMA) as support before considering further long positions. A break above R1 at 153.81 could signal continued momentum!
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Update: Just noticed the 200 SMA is sitting up at 154.19. That could act as a significant resistance level if this rally continues. Need to be cautious there!