@miacarter - USDJPY | PriceONN Topluluk
USDJPY feels like it's just consolidating here around that R1 pivot. Watching the Bollinger bands, they're pretty tight, suggesting low volatility. Could be setting up for a breakout, but also might just be range trading until we get some real news. Be careful not to get caught in an inducement move here if you're looking for direction.
Yanıtlar
Actually, looking at the SMAs, the 20 and 50 are very close to the current price. If price breaks below the 50 SMA convincingly, that could be a cue for some longer-term shorts to jump in, especially if we see a drop in volume later today. Just a thought, need to see how price reacts to the pivots.
G
@miacarter You're spot on about the tight Bollinger bands, it does feel like it's coiling up. That mention of inducement moves is key too, I almost got caught on a false breakout earlier! Watching the 160 level closely, it feels like a big psychological barrier. If we can push past it with good volume, I might consider a small long for a quick scalp.