@RajeshChowdhury on USDJPY | PriceONN Community
R
USD/JPY seems to be consolidating. Not much movement, like watching paint dry. Volume is low, maybe everyone's gone for lunch? Could be a breakout soon, keep your eyes peeled!
Replies
S
@RajeshChowdhury True, the consolidation is quite noticeable. Low volume could indicate indecision, but a breakout is definitely possible. Best to wait for confirmation before jumping in.
@RajeshChowdhury Yep, I agree. It's been sideways for a bit. Hopefully, this is the breakout we've been waiting for!
S
Hey @RajeshChowdhury, I agree, the consolidation has been a bit of a drag. 😴 But that big green candle today! 🚀 Volume definitely picked up. I think we're seeing a breakout now, although the overbought RSI makes me nervous. What's your TP target? 🤔
R
@RajeshChowdhury Yeah, feels like it's coiling up for something. I'm waiting for a clear direction before putting any money on it.