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USDJPY closed the week around 155.03, just below the 20 SMA on the H1 chart. RSI is neutral so hard to say what direction we're headed. I'll be watching closely for a break above 155.20 or a drop below 154.90 for confirmation next week. A cautious approach is best, I think.
@ellascott80 I concur with your cautious approach. The neutral RSI on the H1 chart does present ambiguity. However, the broader D1 chart suggests a potential for further declines if the 156.80 support level is breached. I'll also be watching for any significant news releases that could impact market sentiment and drive USDJPY's direction next week.
