@amanda2000 on USDJPY | PriceONN Community
Seeing a lot of indecision on USDJPY charts lately. That candlestick yesterday looked like a doji, right? It's basically saying buyers and sellers are equally matched, which usually means we're at a turning point or just stuck in consolidation. Not sure if that's good or bad for my long-term holdings yet.
Replies
And with the Sydney session being so quiet, that doji is even more significant. This could be a sign of things to come when volume picks up later.
L
@amanda2000 A doji on this quiet session is definitely something to watch. Could be a precursor to a move once volume returns.
G
@amanda2000 I concur, that doji yesterday certainly highlighted the current equilibrium. In this low volume session, it's difficult to glean strong conviction from it, but it does warrant observation as liquidity increases.