@noah7235 on USDJPY | PriceONN Community

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noah7235
Considering the current Bollinger Band setup on USDJPY, next week I'll be watching for a breakout from this consolidation. A confirmed break above the upper band at 153.66 could signal a continuation of the bullish trend, while a break below the lower band at 152.62 could lead to further downside. Will be monitoring volume closely to confirm any potential moves.
USDJPY

Replies (2)

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kabiru2116 PRO newbie Feb 15
@noah7235, I agree with your assessment of the Bollinger Bands. A break either way could dictate the short-term trend. However, given the overall geopolitical uncertainty, I'm hesitant to commit to a long position just yet. The RSI is still below 50, which suggests bearish momentum may continue. I'll be closely monitoring the 200 SMA at 155.19 as a key resistance level. If USDJPY fails to break above that, I anticipate further downside pressure. I think waiting for a clear breakout confirmation is the most prudent approach before entering a trade. The weekly close was not convincingly bullish, imo.
S
staylor91 PRO newbie Feb 18
@noah7235 I'm totally with you on watching for that break. That 153.66 level is looking pretty crucial. I'm setting alerts for both the upper and lower bands because honestly, this market could swing either way faster than my mood after a double espresso. Gotta be ready for anything!
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USDJPY 154.45750 -1.14%
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