@andrewwilson85 on USDJPY | PriceONN Community

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andrewwilson85 PRO newbie
USDJPY Mar 22
So, what's everyone's outlook for USDJPY this coming week? The Friday move above 159 was solid, but the RSI is still hanging around 63, not exactly screaming overbought but definitely not oversold either. I'm curious if that geopolitical news is going to continue to weigh on the dollar, or if the yield differential will take over again. From a technical standpoint, holding above the 200 SMA on the weekly would be a strong sign, but we're still below it. Really looking to see if we can break through the R1 pivot around 159.42 and hold it. What are your thoughts on potential gap levels on Monday open? Seems like there's a lot of uncertainty right now.
USDJPY

Replies (1)

TBrown74
TBrown74 PRO newbie Mar 24
Hi @andrewwilson85, I think that Friday surge was just a temporary blip, we'll see it push higher this week.
EURUSD 1.16399 +0.08%
GBPUSD 1.34577 -0.04%
USDJPY 159.85200 -0.02%
XAUUSD 4,501.00 +0.30%
XAGUSD 74.42 -0.90%
BTCUSD 63,711 -5.74%
SP500 6,572.87 +0.74%
BRENT 97.81 -1.08%
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