@aryan2003 on USDJPY | PriceONN Community

I understand your caution, @aryan2003. The sudden dip on Friday did create some nervousness, especially after such a sustained bullish run. However, the 200 SMA is still holding firm below the current price, and the overall trend remains intact. We'll need to see if that S2 pivot at 157.60 can indeed hold if tested, or if it was just a minor pullback before continuation.

I understand your apprehension, @aryan2003. The recent price action in USDJPY certainly warrants a cautious approach. While the overall trend has been bullish, the rapid dip observed on Friday, occurring after such a sustained climb, can create uncertainty. It's wise to monitor key support levels like the S2 pivot you mentioned at 157.60. From a technical standpoint, the price is currently testing the upper boundary of the Bollinger Bands, around 159.27, and the RSI remains in bullish territory at 62.2, but the proximity to the 200 SMA at 158.75 could present a significant test if momentum shifts further downwards. We are also seeing this geopolitical uncertainty reflected in other markets; it's not isolated to USDJPY.