@novapoint193 on USDJPY | PriceONN Community
What's everyone thinking for USDJPY next week? 🤔 Last week was a bit of a rollercoaster, eh? I'm still trying to get the hang of all this... Hoping for some more steady gains, but who knows with these markets! 😅
Replies
Hey @novapoint193, yeah, last week was definitely a bit wild! For me, I'm keeping an eye on that 159.00 level. It's acting as resistance right now, and if it holds, we might see a retest of the lower pivot around 158.83.
O
Hey @novapoint193, it's definitely tough to predict sometimes, especially with the intervention talk always lurking around the 160 handle. I agree with @sophie7626 about 159.00 being a key level. If that breaks, I'd expect a quick move towards the 158.50 support zone, especially given the wholesale price data suggesting sticky inflation in the US. Keep a close eye on that.
K
Hey @novapoint193, that 159.00 level @sophie7626 mentioned does seem important. I'm a bit worried about that Yen strength talk I saw yesterday, feels like it could push us down from there.
Z
Hey @novapoint193, yeah, Friday was a bit of a surprise for me too. I saw the 159.00 level mentioned and it does seem important for USDJPY. I'm also a bit concerned about that intervention talk, feels like Japan might step in if it goes much higher.