@oJones67 on USDJPY | PriceONN Community
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This USDJPY action reminds me a bit of that time back in Q3 2022... anyone remember? We had a similar climb, then some consolidation around this level. The dollar was strong then too, fueled by inflation fears. But then, bam! Unexpected dovish comments from the Fed, and it all came crashing down. I'm not saying that's *exactly* what's gonna happen now, but it's worth keeping an eye on the Fed's language. Maybe wait for a clear breakout above R1 before golong for real. Just a thought, not financial advice of course! 😄