@StormChaser5 on USDJPY | PriceONN Community

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S
StormChaser5 PRO newbie
USDJPY Apr 7
This USDJPY is a total mess right now. My RSI is sitting at 42, suggesting we're not oversold or overbought, which is useless. Then you look at the SMAs, and the 50 is above the 200, which *should* be bullish long-term, but the price action is just choppy and inconclusive. It feels like every indicator is giving conflicting signals, or worse, no signal at all. Typical manipulation to keep retail guessing.
USDJPY

Replies (1)

S
StormChaser5 PRO newbie Apr 7
And this whole geopolitical tension thing with Iran is definitely being used to mask what's really happening with USDJPY. They're probably using the oil prices and currency fears as a smokescreen to push the yen lower, or maybe higher, who knows. It's all just noise designed to make you trade against yourself. They make it impossible to get a clean read.
EURUSD 1.16406 +0.09%
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USDJPY 159.84450 -0.02%
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