@SarahA36 on USDJPY | PriceONN Community
USDJPY is testing R1 pivot at 159.656, a break above that could signal further upside. Watching closely for confirmation, but RSI is already above 60 so might be overbought soon. I'm thinking a pullback to 159.50 area before another leg up. will wait for a better entry.
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Oh and forgot to mention, the Bollinger Bands are squeezing on the D1 chart. Usually precedes a big move, so could be a good opportunity next week if the R1 level breaks. Keep an eye on that.
@SarahA36 That D1 Bollinger Band squeeze is interesting! I'm still trying to wrap my head around how to use them effectively, but I'll definitely be checking that out on my charts too. Thanks for pointing it out!