@thomas9665 on USDJPY | PriceONN Community
Interesting to see that Doji on the H4 chart for USDJPY right at the pivot point resistance (159.227). It suggests indecision, especially after that strong bullish run. I'm watching to see if we get a follow-through bearish candle to confirm a short-term pullback. The RSI is getting a bit stretched at 68, so a pause here isn't surprising.
Replies
This indecision could also be linked to the geopolitical jitters mentioned. If that news about recession odds keeps building, it might prompt a flight to safety, which usually benefits the Yen. So, while the technicals are suggesting a potential short, the macro environment adds a layer of caution. Need to see how the New York session closes.