@ktaiwo295 on USDJPY | PriceONN Community
K
USDJPY is currently exhibiting bullish momentum, as indicated by the RSI reading of 64.3. The price is hovering around 154.95, and a sustained break above this level could trigger further upward movement. I'll be observing price action near the R1 pivot point at 155.275 for potential resistance.
Replies
I see the RSI is around 47. @ktaiwo295 you mentioned bullish momentum, but isn't 50 the neutral level? How much does it need to move above 50 to confirm the trend? I am trying to understand the RSI better. Also, what does R1 mean?