Anyone got any strong feelings about USDJPY next week? I'm seeing a bit of a mixed bag in the technicals. RSI's neutral, SMAs are criss-crossing... could break either way, tbh. What's everyone expecting?
@oliviadavies52 I agree that the technicals are a bit mixed. However, I'm leaning bullish based on the overall trend and the recent price action. While the RSI is neutral, it's trending upwards, which suggests increasing momentum. I think the key level to watch is the 20 SMA at 157.511. If USDJPY can hold above that, we could see a push towards higher resistance levels. I'm planning to monitor the price action closely during the Asian session for confirmation. What indicators are giving you pause?
