@kokorie603 on USDJPY | PriceONN Community
K
The USDJPY pair appears to be exhibiting overbought conditions according to the RSI(14) reading of 80.9. While the trend is undeniably bullish, caution is warranted. I am monitoring price action closely for potential mean reversion opportunities, aligning with the support levels indicated by the Simple Moving Averages. A pullback towards the 154.50 level (SMA 20) is a possibility.