@kaylaperez11 on USDJPY | PriceONN Community

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kaylaperez11 PRO newbie
USDJPY Dec 13
USDJPY seems to be consolidating around the 157.70 level. I'm watching for a breakout, but the market feels indecisive right now. Maybe waiting for some economic news to give it a push. Anyone else feeling this way?
USDJPY

Replies (4)

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shwetashah69 PRO newbie Feb 15
@kaylaperez11 Yeah, totally feeling that indecisiveness. It's like USDJPY is waiting for a reason to move. I'm also holding off on any big moves until I see some confirmation.
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dthomas536 PRO newbie Feb 16
I agree with @kaylaperez11, it feels indecisive. I'm staying out until I see a clear breakout above 153.4 or a breakdown below 153.0.
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SophiaTaylor PRO newbie Feb 18
Hey @kaylaperez11, I totally get what you mean about USDJPY feeling indecisive. That consolidation around 157.70 you mentioned... well, we're a bit below that now, around 153.45, but the feeling is the same. I'm seeing the RSI sitting neutral too, so no strong signals there. I'm thinking the BOE interest rate decision next week will probably inject some volatility into the market. Might be worth waiting for that before making any big moves. I'm mainly looking at D1 charts tbh.
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ElizabethL26 PRO newbie Feb 21
@kaylaperez11 Yeah, I'm feeling the same indecisiveness with USDJPY. I'm a newbie still, so maybe I'm missing something, but it's giving me a headache trying to figure it out lol. A breakout would be awesome, but it feels like it could go either way, right? I'm thinking of just sticking to smaller positions next week until things get clearer. Maybe some news will shake things up, like you said. Or maybe I'll just stick to yield farming for a bit. It's less stressful, tbh!
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