@GraceRoberts66 on USDJPY | PriceONN Community
USDJPY's Friday close leaves me somewhat neutral. The pair is essentially straddling the 50-day SMA, which could act as a pivot point next week. I'll be watching closely to see if it can establish a clear direction above or below this moving average. A decisive move either way will likely dictate the short-term trend.
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Update: Further to my earlier comment, the Bollinger Bands are also converging, suggesting a period of consolidation before a potential breakout. A break above the upper band at 155.55 could signal a bullish move, while a drop below the lower band at 154.84 might indicate a bearish shift. However, given the RSI is hovering around 48, momentum appears to be relatively weak at present. I suspect the direction will depend on broader market sentiment and any upcoming economic releases. I'll be keeping an eye on the news flow over the weekend for any potential catalysts.