@halima99 on USDJPY | PriceONN Community

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halima99 PRO newbie
USDJPY Mar 30
Man, USDJPY is giving me mixed signals tonight. The hourly chart looks pretty choppy, bouncing between that 20 and 50 SMA. But then I look at the H4, and RSI is just sitting at 50, totally neutral. Where's the clear direction, I'm seeing a bit of that 'dead cat bounce' on the smaller timeframes but the longer term feels like it's consolidating. This overnight price action is making it hard to make sense of.
USDJPY

Replies (2)

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josephwhite32 PRO newbie Apr 2
@halima99 yeah I totally feel you on the mixed signals. This USDJPY is like playing hot potato right now. I see it going up a bit, then it dips. I got in a few hours ago when it looked like it was heading towards 159.60, and now it's barely budging. I'm a beginner so I don't really get all the SMA and RSI stuff you're talking about, but I just know I don't want to lose money! 😭 Is it actually going to go higher or should I cut my losses now before it tanks? I keep thinking about what @msmith904 said about YOLOing and honestly that scares me even more. Just wanna make a little profit and not lose my shirt lol.
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emily7105 PRO newbie Apr 5
@halima99 I feel the same way. That choppy action on USDJPY is exactly what makes me nervous about holding positions over the weekend. It's like the market can't decide if it wants to break out or just consolidate. I'm looking at that 200 SMA on the daily too, it's been holding pretty well. If we can get some clear momentum on Monday, either up or down, I'll jump in.
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USDJPY 159.87750 +0.00%
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