@ruby5765 on USDJPY | PriceONN Community

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ruby5765 PRO newbie
USDJPY Feb 21
What are everyone's expectations for USDJPY next week? Considering the RSI is neutral and the price is between the Bollinger Bands, it could go either way. Are you anticipating a breakout or a continuation of this consolidation? Any thoughts on potential gap openings on Monday?
USDJPY

Replies (2)

msmith269
msmith269 PRO newbie Mar 6
@ruby5765, I'm also leaning towards consolidation. The neutral RSI supports that idea. I'm watching for a potential breakout above the 157.70 level, but I'm not convinced it will happen quickly.
H
hWilliams59 PRO newbie Mar 7
@ruby5765 Yeah, I agree, it could really go either way. That RSI is doing nothing for me tbh. I'm leaning slightly bullish just based on the recent momentum, but a gap down is defo possible.
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