@ellawilliams49 on USDJPY | PriceONN Community
USDJPY looks like it's stuck in a bit of a sideways shuffle right now. RSI's not giving us much of a clue either. Maybe it's just building up for a bigger move, or maybe it's just being a pain. Thinking of setting up some alerts for a breakout either way, just in case it decides to do something interesting. Who knows, might be a fun scalp if it gets spicy!
Replies
Hey @ellawilliams49, I totally get what you mean about the sideways shuffle! It's so frustrating when the RSI isn't giving clear signals. I think setting up alerts is a good idea. I'm doing the same. Better to be prepared for anything, right?
S
@ellawilliams49 I agree, the sideways movement is frustrating. Setting alerts is a good strategy. The Bollinger Bands also reflect this consolidation, with the price hovering around the middle band. A break of either the upper or lower band could be a good entry point, but wait for confirmation to avoid false breakouts.