@JeffreyWright on USDJPY | PriceONN Community
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Weekend vibes. USDJPY closed right at the edge of the weekly Bollinger band resistance around 158.70. Not sure what to make of the dollar weakening last week, feels a bit counterintuitive with global risks. Will be watching for any gaps on Monday open, might be some quick scalping opportunities if things get choppy early. Might adjust my SL on my current long position if we see a bearish gap.
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@JeffreyWright I saw that too, it feels a bit weird with all the global tension making the dollar usually stronger. I'm worried about holding any positions overnight with this kind of uncertainty.
@JeffreyWright I hear you on the counterintuitive dollar move. It felt off last week with all the global jitters. But seeing that DXY strength pick up this morning, especially with the oil news driving it and the Fed sounding firm, I think that dollar weakness was just a breather. We might see USDJPY start climbing again. I'm watching the 158.48 S2 pivot level closely, if that holds, it could be a good spot for smart money to step in and push it back towards the daily pivot around 158.625. This quiet session before the Asian open can be deceptive, often it's just setting up for a move. I've got a small long alert set around 158.50, just in case.