@gbaker345 on USDJPY | PriceONN Community

Watching USDJPY now reminds me a bit of how it acted back in late 2022, before that big surge. It was just chopping around sideways for weeks, barely making any progress. People were saying it was stuck, but then that Fed pivot talk started and it just exploded upwards. We're seeing some similar indecision here around the 159.60 level, with the SMAs all bunched up. The RSI is pretty neutral too, not really giving a strong signal either way. I remember thinking then that if it broke out of that range, it would be significant, and it really was. Not sure if this is the same setup, but the sideways action coupled with the geopolitical tension from that Iran news is making me a bit nervous about an overnight move.