@christopherjones23 on USDJPY | PriceONN Community
C
Anyone else feeling confused by USDJPY right now? RSI is pushing 70, which is technically overbought territory, suggesting a pullback might be due. But then you look at the SMA's, and they're all stacked bullishly – 20 above 50 above 200. Price is above all of them too. Plus, the Bollinger Bands are widening, indicating increasing volatility, but not necessarily direction. Feels like it could break either way, honestly. I guess I'll just wait for more confirmation before making any moves. Maybe a breaker block will form soon.