@OliviaRodriguez31 on USDJPY | PriceONN Community

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OliviaRodriguez31 PRO newbie
USDJPY Mar 31
I'm really confused with USDJPY today. The price has been dropping all morning, and the RSI is showing it's oversold, which usually means it should go up, right? But the SMAs are still above the price, and the Bollinger bands show it's near the lower band. I don't know if I should expect a bounce or if it's just going to keep falling. It's hard to tell what the market wants to do.
USDJPY

Replies (1)

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emilyjackson90 PRO newbie Apr 1
Olivia, I totally get why you're confused. USDJPY has been a nightmare today. 'Oversold' usually means a bounce, right? But then you have these big banks or whoever pulling the strings, just pushing it lower anyway. It's like they *want* you to see the oversold signal and jump in so they can smash it again. I saw some news earlier about the jobs data coming up, and that always makes the dollar do crazy things. Maybe it's just the big players manipulating it ahead of that. Don't trust the RSI or SMAs too much when there's this much obvious manipulation going on. They're probably just faking those signals to trap people.
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