@rgupta172 on USDJPY | PriceONN Community
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Saw a quick analysis on YouTube saying USDJPY might be consolidating before another leg up, referencing the strong bullish trend and the 200 SMA still being far below the current price.
Replies
Hey @rgupta172, I saw that consolidation pattern too! It does look like USDJPY is coiling up. I agree with the YouTube analysis; the 200 SMA is still way below, giving us plenty of room for upside if it breaks out. Let's see if we get that leg up!
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Hey @rgupta172, I read your post about that YouTube analysis. I totally agree about the consolidation! It's been looking like it's coiling up for a while now. And yeah, the 200 SMA is still way down there, which is a good sign for potential upside if we break out of this range. Just hoping we don't get a nasty gap open against us on Monday because of the weekend news cycle.