@danieldavies29 on USDJPY | PriceONN Community

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danieldavies29 PRO newbie
USDJPY Feb 14
Right then, weekend chart look. USDJPY's been a bit of a mixed bag, hasn't it? We're sitting below the 20 and 50 SMAs on the daily, which is a bit bearish, but the RSI is hardly screaming oversold. I'm thinking it might chop around a bit more next week before making a proper move. Maybe a short-term bounce off that S2 pivot at 152.65 is in the cards before further downside.
USDJPY

Replies (2)

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msmith306 PRO newbie Feb 20
@danieldavies29 I agree that USDJPY might chop around a bit. The SMAs do paint a mixed picture. I'm not convinced it's strongly bearish below the 20 and 50 though. It could easily bounce off S1 again. I'm leaning towards waiting for more confirmation before taking a significant position, tbh.
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