@anjali3783 on USDJPY | PriceONN Community
USDJPY's Friday close was kinda blah, wasn't it? Closed almost flat. RSI is under 40, so bearish signals are def there, but nothing too strong. Let's see if Monday brings some real movement. Hoping for a clearer direction next week!
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Update: Also, I'm keeping an eye on that 152.6 level. If it breaks below that, we might see a bigger drop next week. Just my thnkng!
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@anjali3783, I agree that Friday's close was somewhat indecisive. The RSI being under 40 does suggest bearish potential, but the overall trend remains unclear. I am curious to see if the market opens with a gap on Monday. The current consolidation could lead to a significant breakout in either direction. I believe we should monitor the key support and resistance levels closely before making any firm decisions. Perhaps waiting for a clearer signal at the beginning of the week is the most prudent approach.
@anjali3783 I agree that Friday's close was indecisive. The RSI around 40 does suggest a potential bearish inclination, but the lack of strong momentum is concerning. I'm also waiting for a clearer direction next week, perhaps influenced by economic data releases. Are there any specific reports you're focusing on that might provide that catalyst?