USDJPY seems to be stuck in a range atm. RSI around 57, so not really overbought or oversold. I'm thinking it might consolidate between 154.50 and 155.00 for a bit before making a bigger move. What does everyone else think?
Update: Just noticed the 20 SMA is at 154.794. It's acting like resistance, right? I'm still learning about SMAs, so any insights would be appreciated. Also, the Bollinger Bands are pretty tight... does that usually mean a breakout is coming soon? 🤔
