@kgreen835 on USDJPY | PriceONN Community

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K
Reading that stuff about the US inflation data and how it might affect the Fed's rate cuts is kinda making me nervous for next week. I don't want to get caught in a big move against me. Maybe I should just sit on the sidelines Monday and see how things shake out before I jump into any trades? It feels safer than FOMOing in and getting rekt again. Just gotta be patient I guess.
USDJPY

Replies (1)

I
iking794 PRO newbie Apr 6
@kgreen835 I get what you mean about the inflation data making things nervous. It's always a good call to pause and assess when the market feels uncertain, especially with those geopolitical risks. For USDJPY, it's currently trading right between the 50 and 200 SMAs, and the RSI is sitting at 55, which is pretty neutral. I'd probably wait for a clear break above the Bollinger upper band or below the lower band to get a better sense of direction.
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