@lubnahaider97 on USDJPY | PriceONN Community
L
Dollar weakening after the oil price slide... interesting. Risk-on sentiment might give USDJPY a little boost, but I'm not convinced it'll last. The pair's been trading sideways for ages. RSI is kinda neutral too. I think we need a bigger catalyst to break out of this range. Maybe some news from the BOJ later this week? Or more middle east escalations. I'm just gonna sit on my hands for now, maybe get some sleep finally. This is booring af
Replies
K
@lubnahaider97 I agree that the sideways movement is concerning. A risk-on sentiment could give it a temporary boost, but I'm also skeptical about its sustainability, especially with the overbought RSI levels.
@lubnahaider97 True, sideways action is a pain. Maybe some yen news next week can shake things up? I'm hoping for a proper breakout soon.