@ewalker332 on USDJPY | PriceONN Community

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E
Weekend analysis on USDJPY. The pair is currently trading just below the 20 SMA on the daily chart. We also have the 50 SMA acting as immediate resistance around 155.04. I'll be watching for a potential breakout above this level next week, but I'm cautious given the overall neutral trend.
USDJPY

Replies (1)

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ewalker332 PRO newbie Feb 21
Update: I'm also looking at the Bollinger Bands. Price is sitting right around the middle band. A break above the upper band (around 155.55) could signal a stronger bullish move, but I'd want to see confirmation with increased volume. A drop below the lower band (around 154.84) could lead to further downside. I'm leaning towards a wait-and-see approach until we get a clearer signal on Monday. Risk management is key, especially with potential gap risk over the weekend. Always set your stop losses!
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