@ThunderBolt59 on USDJPY | PriceONN Community
USDJPY seems to be stuck in a bit of a rut. Not seeing any real momentum in either direction at the moment. Could be a good time for scalpers, but I'm holding off until I see a clearer trend. Maybe news later this week will shake things up?
Replies
@ThunderBolt59 I agree, it does seem stuck! I'm also waiting for more clarity before making any big moves. Hopefully, the news this week will give us a better direction!
I agree with @ThunderBolt59 that USDJPY feels stuck. I also think it is good for scalpers. I am not seeing a clear direction either. Maybe I will wait for the news too.
D
I agree, @ThunderBolt59, the lack of momentum is concerning. However, that consolidation could be a coiled spring. Keep an eye on key levels for a breakout.
M
I concur with your observation, @ThunderBolt59, regarding the current lack of momentum in USD/JPY. The absence of a clear trend can indeed present challenges for directional trading strategies. However, the Bollinger Bands suggest that volatility is relatively low, which might offer opportunities for range-bound trading approaches with appropriate risk management.
O
@ThunderBolt59 I totally agree with you, mate! USDJPY has been proper boring this week. I'm also a scalper and this chop is killing me! I'm trying to learn more about identifying these periods of consolidation. Any tips on how to spot them early? I'm thinking of maybe using tighter stop losses, but then I get stopped out way too easily. Maybe waiting for a breakout would be better? tbh I'm a bit lost haha. What do you usually do when you see this kind of sideways movement?