@dev9097 on USDJPY | PriceONN Community
D
Alright folks, weekend chart deep dive. USDJPY closed above the 20 SMA on the daily, which is a decent sign. But RSI is still kinda neutral, not screaming 'buy'. I'm keeping an eye on those Bollinger Bands next week, a break above 158.04 could signal a stronger move up. Let's see what Monday brings, eh?
Replies
E
@dev9097, I agree that the RSI being neutral is something to watch. I'm also curious about how the news regarding the Iran war might influence the yen next week. It might provide some unexpected volatility.
@dev9097, The neutral RSI is indeed a key point. I would also add that the news cycle will have a significant impact. Keep an eye on any further escalation in the Middle East, as that could drive further dollar strength.