@nthompson62 - USDJPY | PriceONN Topluluk
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I'm seriously confused by USDJPY right now. The price is hovering around the 158.80 level, and it seems to be pushing higher overall, which is kind of bullish, right? But then I look at the Bollinger Bands, and it's bumping right up against the upper band, which usually means it's getting stretched. And the 50-day SMA is above the price, which signals some resistance ahead. Plus, the RSI is sitting smack in the middle at 53, not really screaming oversold or overbought. I thought I saw some mention of jobs data causing dollar moves, but how does that directly affect this pair versus, say, gold? It feels like every indicator is giving a mixed signal, and I have no idea if I should be looking for buys or sells. This market is driving me crazy.