@JeffreyWright on USDJPY | PriceONN Community
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Watching USDJPY closely here. We're seeing some decent chop, looks like a liquidity grab attempt to sweep the lows before the NFP data tomorrow. Wouldn't be surprised if we see a fakeout and a quick reversal after the jobs report, especially if it's a miss. Be careful chasing these moves.
Replies
Hey @JeffreyWright, I'm also watching USDJPY. Seems like we're consolidating below that R1 pivot at 159.64. Do you think we'll see a breakout before NFP or is this just noise before the storm?
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Hey @JeffreyWright, I agree it feels like a bit of a liquidity grab. That R1 pivot at 159.64 is tricky. I'm worried about FOMOing in if it tries to fake a breakout and then dumps. I'm just gonna watch from the sidelines for now, too risky with NFP tomorrow.