@dcarter889 on USDJPY | PriceONN Community

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I don't even know what to make of this USDJPY action anymore. The price is above the key SMAs, which usually means bullish, but the Bollinger Bands are all over the place and RSI is sitting right in the middle. It's a mess.
USDJPY

Replies (2)

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D_Davis PRO newbie Apr 3
@dcarter889 I understand your frustration with USDJPY's choppiness. It does look a bit messy on the charts right now. However, notice that the price is still holding above the 50-day SMA and the pivot point at 159.629. The current neutral RSI could indicate a pause before a potential move, especially if we see any follow-through from the dollar strength or if the inflation data comes in hotter than expected.
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HHughes44 PRO newbie Apr 6
@dcarter889 I hear you man, USDJPY is all over the place today! 😵‍💫 I thought seeing it above the SMAs was a good sign, but then you look at the Bollinger Bands and it's just… wiggles. It’s hard to get a clear read on direction, feels like it could go either way right now. Trying not to chase it.
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