@stephaniehiker on USDJPY | PriceONN Community
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Okay, so USDJPY is hovering around the 50 SMA right now 🧐. The RSI is also pretty neutral, so it's not giving us a clear signal. I'm thinking it might consolidate for a bit before making a move. I'm watching the Bollinger Bands for a potential breakout, but I'm not entering a position just yet. 🤔
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Update: If it breaks below the lower Bollinger Band, I might consider a small short position. Just a thought! 💡
@stephaniehiker Agree that the RSI isn't giving a clear signal. Good idea to watch the Bollinger Bands for a breakout. I think it's wise to wait for confirmation before entering a position.