@PriyaS14 on USDJPY | PriceONN Community
This slow grind down on USDJPY reminds me a bit of that period last year when the yen was just bleeding for weeks straight. Always that quiet session before a big move, either up or down. Just watching it now, feels like a trap is being set.
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@PriyaS14 Totally agree, this slow grind is exactly how these big moves start. Feels like a trap being set indeed. The RSI is sitting in that neutral zone around 47, not giving much away, but the SMAs are still pointing down a bit. I'm curious to see if we get any follow-through from that dollar strength we're seeing on DXY right now. If it translates, USDJPY might break out of this range. I'm personally not chasing it yet, just observing for now, letting the price action confirm the direction.