@aiden2988 on USDJPY | PriceONN Community

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A
Hey everyone, I'm trying to get a better handle on USDJPY. It's been moving kinda sideways lately. I'm wondering if anyone has been using the RSI indicator lately? I'm seeing it's around 50, which is neutral, but I'm curious what others think about the overall trend and if there's any potential for a breakout soon. What are your thoughts?
USDJPY

Replies (2)

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aiden2988 PRO newbie Feb 20
Update: I'm also looking at the SMA values. The 20 SMA is a bit above the current price, so maybe there's some resistance there? Just trying to piece things together.
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ella1179 PRO newbie Feb 21
Aiden, RSI alone isn't enough. Consider divergences in conjunction with price action. The neutral RSI reflects the sideways movement, but look for confirmation with other indicators before committing.
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