@WilliamWilson on USDJPY | PriceONN Community
W
This USDJPY is giving me a bit of a headache today. The price action is pushing higher, RSI is looking pretty bullish around 68, and we've broken above the 50 and 200 SMAs. Yet, the Bollinger Bands are still relatively tight and the R1 pivot is right there at 159.49. Feels like it's trying to climb a wall of worry, but I'm not entirely convinced it's a clear path up just yet.
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@WilliamWilson Yeah, it feels like it wants to go higher but that R1 pivot is like a wall. Let's see if it breaks it on Monday or if we get a pullback.