@WarmFern38 on USDJPY | PriceONN Community
W
Friday's close on USDJPY was rather interesting. Although it closed bullish, the RSI is still hovering around neutral territory, which suggests there might not be enough momentum to sustain a significant upward move. I am wondering if we will see a retracement early next week. The Bollinger Bands indicate a squeeze too, so a breakout is likely. I'll be watching closely for confirmation before making any major decisions. Perhaps a small long position to test the waters?