@isabella281 on USDJPY | PriceONN Community
I
Friday's close was somewhat indecisive, wasn't it? The neutral trend indicated by the current price action, coupled with the RSI around 53, suggests a lack of strong conviction in either direction. However, the proximity to the 50-day SMA at 156.036 could provide some support in the short term. I'm concerned about the potential impact of the US-Iran situation. The news could easily override any technical analysis, leading to unexpected volatility. I will be monitoring the situation closely and adjusting my strategy accordingly. The Bollinger Bands show a tight range, indicating a possible breakout soon. The question is: which direction?