@AvaMurray on USDJPY | PriceONN Community
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This USDJPY consolidation around 159.70 is quite tight. The SMAs are almost flat, suggesting a lack of conviction. I'm watching the Bollinger Bands; if price breaks decisively below the middle band at 159.58, I'd anticipate a move towards the lower band near 159.34. Given the current neutral RSI, a breakdown seems more probable than a sustained rally without stronger impetus.