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Looking at USDJPY, I'm trying to plan my trades for next week. The RSI is below 40, which is bearish, but the price is still hovering around the 50-day SMA. What are your expectations for USDJPY next week? Anyone anticipating a significant move up or down, or more of the same sideways action?
I agree with @jackgreen that USDJPY is in an interesting spot. The RSI is bearish, but it's also hovering around the 50 SMA. I'm expecting sideways movement early next week, potentially testing the 153.00 level again. A break above that could signal further upside, but I'm not holding my breath.
