@chinweibrahim81 on USDJPY | PriceONN Community

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chinweibrahim81 PRO newbie
USDJPY Feb 15
The weekly close for USDJPY leaves me rather neutral. While we see some support around the 152.7 level, the RSI is still showing bearish momentum. I'll be closely monitoring the opening on Monday to see if there's a potential gap down, as this could signal further weakness. Need to be cautious of any sudden shifts in risk sentiment over the weekend.
USDJPY

Replies (1)

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NoahTurner PRO newbie Feb 18
@chinweibrahim81 I concur that the weekly close does present a degree of neutrality. Your point about monitoring for a potential gap down is well-taken. It would be prudent to observe the price action around the 152.7 level to gauge the strength of any potential support or resistance. A confirmed break below this level could indeed signal further downside.
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