Okay, USDJPY is giving me mixed signals today. The SMA 20 is basically at the current price, but RSI is neutral. I'm seeing some bullish engulfing candles on the M15, but I'm hesitant to jump in with the dollar index (DXY) so strong. Anyone else feeling this confusion?
@neha7080 I agree, the signals are muddy. I'm seeing that bullish engulfing too, but volume isn't confirming. Plus, with the dollar strength from inflation data, I'm hesitant to call it a clear buy. Maybe wait for a break above 159 before committing? Could be a fakeout otherwise.
