I'm thinking USDJPY might continue its sideways movement next week. The RSI is almost at 50, so it's really neutral. I'll be watching the 155.20 level closely; if it breaks above that, we might see it test the R1 pivot point at 155.213! Keeping my eyes peeled for Monday!
Update: I was also looking at the Bollinger Bands. Price is right in the middle. If it breaks above the upper band (155.55), it could signal a strong bullish move! But if it falls below the lower band (154.84), we might see a bearish trend forming. I'm still learning how to best use these indicators, but I'm excited to see how it plays out! Any tips on using Bollinger Bands effectively would be appreciated!
