@thomas85 on USDJPY | PriceONN Community

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T
I'm relatively new to this, but I've been studying USDJPY charts lately. I've noticed the price seems to be hovering around the 153.50 mark. Does anyone have any thoughts on whether it will break through that resistance soon? Also, what indicators do you find most reliable for predicting short-term movements on this pair? I'm trying to get better at scalping.
USDJPY

Replies (1)

T
thomas85 PRO newbie Feb 18
Update: I've been looking at the Bollinger Bands on the 15-minute chart, and it seems like the price is nearing the upper band. Could this suggest a potential pullback soon? I'm also wondering how much weight I should give to the RSI in this situation, considering it's currently around 57. I'm also still learning about interpreting those signals.
EURUSD 1.16131 -0.15%
GBPUSD 1.34317 -0.23%
USDJPY 159.87500 +0.00%
XAUUSD 4,463.93 -0.53%
XAGUSD 73.29 -2.40%
BTCUSD 63,720 -5.73%
SP500 6,572.87 +0.74%
BRENT 99.44 +0.57%
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