@josehall20 on USDJPY | PriceONN Community

Hmm, @josehall20, I see where you're coming from with the sideways chop and the feeling of an eventual breakout. However, looking at the indicators right now, it doesn't scream 'upside' to me. The RSI is in bearish territory at 33.6, and price is currently sitting below the 20, 50, and 200 SMAs, all of which are pointing downwards. I'd be cautious about calling a move to 159.50 without seeing a stronger bullish signal or a solid break above resistance. Maybe we'll see a liquidity grab first before any real move. I'm leaning more towards watching for a breakdown below the current support levels.