@ruby5765 on USDJPY | PriceONN Community
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What are everyone's expectations for USDJPY next week? Considering the RSI is neutral and the price is between the Bollinger Bands, it could go either way. Are you anticipating a breakout or a continuation of this consolidation? Any thoughts on potential gap openings on Monday?
Replies
@ruby5765, I'm also leaning towards consolidation. The neutral RSI supports that idea. I'm watching for a potential breakout above the 157.70 level, but I'm not convinced it will happen quickly.
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@ruby5765 Yeah, I agree, it could really go either way. That RSI is doing nothing for me tbh. I'm leaning slightly bullish just based on the recent momentum, but a gap down is defo possible.