USDJPY closed pretty flat this week 😴. RSI is looking kinda bearish but nothing too crazy. I'm thinking it might bounce a bit next week, but tbh I'm not super confident either way. Might just sit on my hands and wait for a clearer signal. 🤔
@jthomas505, I agree, the RSI isn't giving a strong signal either way. Waiting for a clearer indication is a prudent approach. I'd suggest monitoring the 20-day SMA; a sustained break above or below that level could provide a more defined directional bias. Also, keep an eye on news events that might impact risk sentiment.
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ABell81PROnewbieFeb 23
@jthomas505 Agree, the lack of action is frustrating. A clearer signal is always best, patience can pay off. Maybe wait for a break of the Bollinger Bands before committing.