USDJPY Live Price, Chart & Technical Analysis Guest

This USDJPY chart reminds me of the 2015-2016 consolidation before the big breakout. We had a similar slow grind upwards followed by a period of sideways movement. The key will be whether we can sustain the momentum through the Asian session, particularly with the current oil uncertainty N1.

Anyone else seeing a potential ascending triangle forming on USDJPY H4? Price has been making higher lows consistently, but struggling to break that 158.50 resistance. Could be a nice breakout play if it confirms. Gotta watch the volume though, Asian session can be a bit of a fakeout sometimes.

Risk management is key, ppl. I never risk more than 2% of my capital on any single trade. Protect your capital, and the profits will come eventually.

Anyone else find the Asian session a bit of a snoozefest sometimes? USDJPY just crawling along. Good for risk management I guess, less chance of sudden spikes, but hard to stay awake! I usually look for small scalps around support and resistance levels during these hours. Gotta stay patient and not force anything.

Is anyone else seeing a potential double top forming on the hourly chart around 158.40-158.50 levels?