@OscarCarter22 on USDJPY | PriceONN Community
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Interesting point @noahwalker about the descending triangle on USDJPY H4! It's definitely showing some signs of weakness. It makes me think about how USDJPY often correlates with broader risk sentiment, especially when US rates are involved. If we see a sharp risk-off move globally, that could easily push USDJPY lower, validating your short idea. On the flip side, if US yields keep pushing higher and demand for USD stays strong, then this triangle might just be a pause before another leg up. It's a tricky balance right now, and the market feels a bit like it's holding its breath waiting for the next big catalyst. Watching the bond market closely today! 👀