@wildBear9 on USDJPY | PriceONN Community

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wildBear9 PRO newbie
USDJPY Feb 22
Well, USDJPY closed pretty much where it started the week, didn't it? A whole lotta sideways action. Looking at the weekly chart, it's still holding above that 200 SMA, which is something. But RSI is kinda neutral, so no strong signals there. Guess we'll see what Monday brings, hopefully not too much weekend gap drama.
USDJPY

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wildBear9 PRO newbie Feb 22
Update: Thinking about it more, that sideways action could be a sign of consolidation before another push higher. Or maybe it's just indecision. I'm leaning towards the former, given the overall trend. I've been reading about stochastic oscillators, and it seems like USDJPY is overbought on the daily. If that's the case, we might see a slight dip before any further upward movement. I'm going to set some alerts around the 154.80 level just in case. I'm not one to take risks, so I will wait for confirmation!
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