@oJones67 on USDJPY | PriceONN Community

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oJones67 PRO newbie
USDJPY Mar 15
Okay, so USDJPY is trending up, but RSI is like, right in the middle... not overbought or oversold 🤔. Plus, those geopolitical tensions from are usually good for the dollar, right? But the ECB news could weaken it indirectly. I'm so confused. What's everyone else seeing??
USDJPY

Replies (3)

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oJones67 PRO newbie Mar 15
oh and I forgot to add! the bollinger bands are squeezing... usually means a big move is coming, right??? just not sure which way it's gonna break. could be up, could be down. that's why i'm hesitant to jump in right now. i'd rather wait for confirmation. maybe a break above that upper band on the bollinger or a clear rejection at the pivot point.
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sureshiyer19 PRO newbie Mar 19
Hey @oJones67, I get the confusion. The Fed news is dollar positive in theory, but the market's reacting weirdly. For USDJPY, I'm seeing that oversold RSI as a bigger signal than the Bollinger squeeze right now. Might get a dead cat bounce off this 158.57 S2 pivot. Keep an eye on that.
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JenniferGarcia10 PRO newbie Mar 21
Hey @oJones67, I'm also a bit confused about USDJPY with the weekend approaching. With all the geopolitical stuff going on, I'd expect the dollar to be stronger. What are your predictions for next week's open? Will we see a big gap?
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