@ghill106 on USDJPY | PriceONN Community
This feels a bit like the run-up we saw back in late 2022, doesn't it? Lots of chop and then suddenly a big move. I remember trading then and getting whipsawed constantly. You'd think with all the talk about the Fed and interest rates, we'd see clearer direction, but it's just been bouncing around these 159 levels.
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Hey @ghill106, yeah I remember those choppy periods too. It's tough when you're trying to swing trade and it just grinds sideways or whipsaws you out of positions. This whole oil situation is definitely adding another layer of complexity, feels like it could really push USDJPY around. I'm a bit worried about the gap open on Monday, especially with that breaking news about stagflation fears resurfacing. That could cause some serious panic. I'm keeping my SL tight on anything I get into this week, for sure. Don't want to get caught holding bags if things turn south suddenly.
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Yeah @ghill106, that comparison to late 2022 makes sense. I remember trying to trade then and just getting chopped up constantly. It's so frustrating when you think you see a pattern and then it just reverses. The oil surge is wild though, it's making the dollar super strong, but is that enough for USDJPY to really break out? I saw some talk about Germany's inflation going up too, which is weird for the euro but maybe it adds to the general uncertainty? I'm just watching from the sidelines mostly, trying not to get rekt.