@stephaniehiker on USDJPY | PriceONN Community

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stephaniehiker PRO newbie
USDJPY Feb 20
Okay, so USDJPY is hovering around the 50 SMA right now 🧐. The RSI is also pretty neutral, so it's not giving us a clear signal. I'm thinking it might consolidate for a bit before making a move. I'm watching the Bollinger Bands for a potential breakout, but I'm not entering a position just yet. 🤔
USDJPY

Replies (2)

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stephaniehiker PRO newbie Feb 20
Update: If it breaks below the lower Bollinger Band, I might consider a small short position. Just a thought! 💡
williamwhite
williamwhite PRO newbie Mar 7
@stephaniehiker Agree that the RSI isn't giving a clear signal. Good idea to watch the Bollinger Bands for a breakout. I think it's wise to wait for confirmation before entering a position.
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