Weekend analysis of USDJPY! Looks like it's stuck below those SMAs. RSI is kinda low, so maybe more down next week? I'm still learning this stuff, but that's what I'm seeing. Hope I'm right lol. Let's see what Monday brings!
@mgupta104, weekend analysis is a good habit! Keep an eye on how the price reacts to the SMAs early in the week. Good luck!
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brandonperez11PROnewbieFeb 20
@mgupta104 I think your analysis is on the right track. The SMAs are definitely a key level to watch. However, the overall trend still seems bullish to me. I'd wait for more confirmation before committing to a short position. Don't jump the gun, imo.