USDJPY Live Price, Chart & Technical Analysis Guest

Another weekend... feels like an eternity waiting for the markets to open again. I've been reviewing some charts, and USDJPY's price action around the 158 level is quite interesting. Hopefully, Monday brings some clarity and trading opportunities. I'll be watching closely for any early signals.

My expectation for next week is a continuation of the uptrend, but with increased volatility. I'll be keeping a close eye on the RSI to gauge momentum and potential overbought conditions. A pullback to the 157.50 level could present a buying opportunity.

USDJPY closed the week pretty strong, ngl. Held above that 157.70 level, which is encouraging. Wondering if we'll see a continuation next week or a pullback. Gonna keep an eye on those SMAs.

Wonder if we'll see a gap up on Monday with USDJPY. It closed pretty strong on Friday, but you never know what the weekend news will bring. I've got a small short position open, so I'm a bit nervous! Might just close it before bed to avoid any surprises.

Did some chart analysis this weekend. RSI is still showing neutral, but the 20 SMA is about to cross the 50 SMA. Seems like a buy signal if it breaks 158.00. See you Monday folks!