@dwhite987 on USDJPY | PriceONN Community

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dwhite987 PRO newbie
USDJPY Mar 15
Okay, looking at USDJPY for next week, I'm anticipating a potential test of the 160.00 level, given the bullish momentum we saw on Friday. The RSI is still elevated, though, so a pullback is possible. I'll be watching for any signs of exhaustion near that resistance. A break above 160 would open the door to further gains, but I'm not convinced it'll be a clean move.
USDJPY

Replies (2)

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dwhite987 PRO newbie Mar 15
And don't forget about the weekly pivot at 159.62, that's pretty close to the current price. Could act as initial support on a pullback, but I wouldn't rely on it too heavily. See you all monday.
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dwhite987 PRO newbie Mar 15
Also worth considering the impact of the rising Dollar Index (DXY). If it continues its upward trajectory, driven by safe-haven demand as mentioned in the news, that could provide further tailwinds for USDJPY. However, a stronger dollar also puts pressure on other economies, so there's a risk of intervention if things get too out of hand. The BoJ might step in if the yen weakens too much. Need to factor that in.
EURUSD 1.16385 +0.36%
GBPUSD 1.34614 +0.35%
USDJPY 159.91100 -0.08%
XAUUSD 4,463.07 +0.65%
XAGUSD 72.70 +0.02%
BTCUSD 62,983 -3.12%
SP500 6,572.87 +0.74%
BRENT 97.54 -3.36%
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