@samanthalee on USDJPY | PriceONN Community
USDJPY seems to be stuck in a range. I'm looking at the daily chart and the RSI is near 50, so it's not really showing overbought or oversold conditions. Is anyone else having trouble finding a clear direction? I'm hesitant to enter a trade without more confirmation.
Replies
@samanthalee, I agree that USDJPY is exhibiting range-bound behavior. The RSI near 50 does suggest a lack of clear momentum, making it difficult to ascertain the direction. Perhaps waiting for a break above or below the range before entering a trade would be prudent.
@samanthalee, I feel you! USDJPY is a tricky one right now. Maybe wait for a clearer signal like a candlestick pattern or a divergence on the RSI before jumping in. Patience is key, dear!