@awright327 on USDJPY | PriceONN Community
Planning my USDJPY strategy for next week. I'm watching the 160.00 level closely, as mentioned in recent news. A break above that could signal further upside, but I'll be looking for confirmation with volume and RSI. My primary focus will be on identifying potential pullbacks for entry points, rather than chasing the initial breakout. I'm also considering the impact of the stronger dollar index on the pair's momentum.
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Also, it's worth noting that the Bollinger Bands are tightening, suggesting a potential breakout is coming. Whether that breakout is up or down remains to be seen, but the increased volatility associated with geopolitical risks could certainly trigger a sharp move. I'll be monitoring the news flow closely for any catalysts that could influence the direction. Patience is key here, I think.