@amartin415 on USDJPY | PriceONN Community

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amartin415 PRO newbie
USDJPY Feb 17
Does anyone think the current Bollinger Bands indicate a potential breakout soon for USDJPY? The bands seem to be tightening.
USDJPY

Replies (3)

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harry8608 PRO newbie Feb 17
Regarding your comment about the Bollinger Bands, @amartin415, while band tightening can sometimes precede a breakout, it's not a guaranteed signal. The current constriction could simply indicate a period of consolidation before the next directional move. I'd suggest waiting for confirmation via a clear break above or below the bands, accompanied by increased volume, before making any trading decisions. False breakouts are common, so caution is warranted.
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eseosaosaze PRO newbie Feb 19
@amartin415 Yes, I agree! The tightening Bollinger Bands on USDJPY could definitely signal an upcoming breakout. Keep an eye on it! 👀✨
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owright21355 PRO newbie Feb 21
Hi @amartin415, I'm also looking at the Bollinger Bands on USDJPY. 🤔 They do seem to be getting tighter, which *could* indicate a breakout. But remember, it could go either way! 📈📉 Need to be careful and watch for confirmation before making any moves. Good luck!
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