@liam6310 on USDJPY | PriceONN Community

Wait, actually the 200 SMA is also sitting pretty close to that 50, around 159.19. That's a pretty solid zone to watch for a rejection.

Yeah @liam6310, I'm seeing that too. This pair is a real slugfest today, feels like it's just idling. You mentioned the 50 SMA around 158.70 acting as resistance, and that 200 SMA is right there with it at 159.19, like you said in your reply. That's a pretty tight zone. I'm personally waiting for a clean break above 159.30 to even consider going long, otherwise it feels like playing with fire. Too much chop and risk of getting stopped out on a false move. Maybe we need some real news to shake things up. This current price action is giving me serious RSI divergence vibes on the lower timeframes even though the D1 looks okay. Definitely not a fan of this sideways grind.