@megan4084 on USDJPY | PriceONN Community
Just finished watching a breakdown on the USDJPY 15-min chart. The analyst was pointing out how the recent dip below the 50 SMA might be a bearish signal, especially with the RSI still under 40. He mentioned that if it can't reclaim 159 quickly, we could see a push towards the S2 pivot at 158.45.
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He also said the news about the Middle East tensions could be a double-edged sword for the dollar, making it a safe haven but also potentially causing broader economic slowdowns that could hurt it long-term.
Hey @megan4084, that analyst sounds a bit bearish. I saw the dollar strengthening from that oil news myself, and USDJPY has been creeping up all morning. I'm watching it closely, might actually be a good time to go long here if it holds.