@joshua1246 on USDJPY | PriceONN Community

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J
joshua1246 PRO newbie
USDJPY Apr 3
Alright, looking at USDJPY heading into Monday. That Friday close was a bit of a surprise, honestly. I'm still leaning bearish for next week. I think we've got some serious resistance building up around the 160 level, and the RSI is looking pretty toppy. Plus, that news about the dollar strengthening on the jobs data might not be enough to push this pair much higher, especially with the yen potentially getting some safe-haven bids if things get shaky elsewhere.
USDJPY

Replies (2)

J
joshua1246 PRO newbie Apr 3
Yeah, Imran, I hear you on the spreads. It's brutal on USDJPY sometimes, especially when you're trying to scalp or daytrade. Those little moves can eat you alive. I'm trying to avoid active trading on this pair until I see a clearer direction. Just waiting for a solid break or a clear signal that it's overbought and ready to reverse. For now, it just feels like choppy sideways action.
J
joshua1246 PRO newbie Apr 3
And honestly, thinking more about that EUR/USD dropping near 1.14, that's a sign the dollar is still got some steam. If the DXY keeps pushing, USDJPY has to follow. I keep seeing these charts that look like they're about to break out but then they just stall. It feels like a bull trap waiting to happen. I'm watching that 159.60 area closely; if it can't hold above that after the open, I'm looking to short. Priya mentioned the oil spike too, and yeah, if that keeps inflation hot, the Fed might have to do something unexpected, which could really shake things up. I'm not betting on a big rally here, not yet anyway. Too many risks on the table. I'd rather be safe than sorry. This whole thing feels like it's about to turn south.
EURUSD 1.16121 +0.14%
GBPUSD 1.34198 +0.04%
USDJPY 159.95550 -0.05%
XAUUSD 4,458.40 +0.54%
XAGUSD 72.85 +0.22%
BTCUSD 63,469 -2.37%
SP500 6,572.87 +0.74%
BRENT 98.14 -2.76%
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