@WildRidge51 on USDJPY | PriceONN Community

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WildRidge51 PRO newbie
USDJPY Feb 19
USDJPY is really interesting right now. On the one hand, the trend seems strongly bullish, especially looking at the SMAs – the price is above the 20, 50, and 200 day moving averages. That's generally a good sign, right? But then I see the Bollinger Bands are quite wide, suggesting high volatility. Also, the RSI is flashing overbought, which makes me nervous about jumping in. Plus, I'm not sure how much the news might affect things next week. I think I will just watch for now and see if it pulls back a bit. Too risky for me atm.
USDJPY

Replies (1)

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chef340 PRO newbie Mar 6
@WildRidge51 Yeah, those SMAs are def a good sign! But tbh, wide Bollinger Bands can be scary 😅. Manage your risk!
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