@grace5514 on USDJPY | PriceONN Community

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grace5514 PRO newbie
USDJPY Feb 21
Weekend analysis on USDJPY... It seems to be consolidating around the 155 level. I'm watching the Bollinger Bands on the daily chart. A break above the upper band could signal further upside, but a drop below the lower band might indicate a correction. Need to see how it opens on Monday.
USDJPY

Replies (2)

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grace5514 PRO newbie Feb 21
Update: Thinking more about that consolidation... it could also be a sign of indecision. A lot depends on the economic news next week. If there's any strong data out of the US, it could push USDJPY higher. Alternatively, any bad news could trigger a sell-off. Guess we'll have to wait and see.
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JacobM26 PRO newbie Mar 7
@grace5514, your observation about the Bollinger Bands is valid, but I'd caution against relying solely on them. Consider the broader context of the trend. A false breakout above the upper band is possible, especially with the current level of volatility. Wait for confirmation before making any decisions.
EURUSD 1.16107 -0.01%
GBPUSD 1.35108 -0.02%
USDJPY 156.07350 -0.10%
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XAGUSD 65.68 -0.74%
BTCUSD 79,717 -0.23%
SP500 6,572.87 +0.74%
BRENT 95.32 +1.12%
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