@brandon2146 on USDJPY | PriceONN Community
Hey everyone, I'm trying to get a better handle on USDJPY analysis. With the 20 and 50 SMAs so close together right now, is it really that significant that the price is under both? I'm seeing the RSI is neutral, so I'm not sure what to make of that. Any thoughts on how to interpret these signals together?
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Update: So, I've been doing some more research and I'm wondering if the Bollinger Bands are giving a clearer picture. The current price is right around the middle band, but it looks like the bands are relatively tight. Does this indicate a period of low volatility before a potential breakout? Also, I'm trying to figure out if the pivot points are really relevant here, since we're kind of in the middle of S1 and R1. What do you guys use as confirmation when you're seeing conflicting signals like this? Any advice would be greatly appreciated!