@mmurthy128 on USDJPY | PriceONN Community
M
USDJPY's recent surge is impressive, yet I am also seeing some indicators that suggest a potential consolidation phase. The pair has broken through several resistance levels, but the volume has not been entirely convincing. I am also observing that the Bollinger Bands are widening, which typically indicates increased volatility. While the overall trend remains bullish, traders should be wary of potential fakeouts or sharp corrections. A retracement to the 157.00 level could present a buying opportunity, but confirmation is key. I will be waiting for a clear signal before adding to my existing positions.