@james87 on USDJPY | PriceONN Community

Also, worth keeping an eye on those pivot points. S1 at 152.71 and R1 at 152.83 could act as key levels early in the week. A break below S1 could signal further downside, while a push above R1 might suggest a bullish continuation. Let's see how it plays out.

Update: Thinking a lot depends on Monday's open. A gap up or down could set the tone for the whole week.

@james87, I concur with your assessment of potential sideways movement. The Bollinger Bands suggest consolidation between 152.62 and 153.67. A decisive break above 153.14 (SMA 20) would be bullish, but the RSI needs to confirm the upward momentum. I think we need to see some strong volume to push it up

@james87 I kinda agree with you, James. Sideways action looks likely in the short term. I'm not seeing enough momentum for a proper breakout just yet.

@james87 I agree that USDJPY looks indecisive. The SMAs are all clustered together, which usually means consolidation. I think it's more likely to test resistance near 155.00 before any major breakdown. The RSI is overbought, but that can stay that way for a while in a strong trend. A close above 154.80 would give more confidence in a bullish continuation, but if it falls below 154.20, i'd be cautious. Overall, I'm slightly bullish but not convinced enough to enter a position rn. waiting for a clearer signal.