@climber724 on USDJPY | PriceONN Community

That's a solid observation, @climber724. I'm seeing that ascending triangle pattern on USDJPY as well, particularly on the 1-hour timeframe. The higher lows are certainly present, and the repeated rejections around the 158.90-159.00 area are forming a clear resistance. However, I'm also noting that the 200-period SMA is now below the current price action at 159.238, and the 50-period SMA is also acting as dynamic support. This suggests underlying bullish momentum despite the consolidation. A breakout above 159.00 with increased volume, especially heading into the latter half of the NY session, would be a strong signal for continuation towards the pivot resistance at 159.573 and potentially higher.

Hmm, @climber724, I saw your ascending triangle comment. That's interesting. I'm looking at the 1-hour chart too, but honestly, it feels more like we're just stuck. The volume isn't there to support any breakout, ascendng or otherwise. It's just kind of… existing. That 158.90 resistance you mentioned is definitely a thing, but price keeps bouncing off it and then just drifting back down. Feels more like a sideways chop than a clear pattern to me right now. I'm actually shorting it around 159.55 because I think smart money is just letting it grind higher to grab liquidity before a bigger drop. That geopolitical news from the weekend also makes me think risk-off sentiment could kick in and sink this pair, even if the chart looks like it wants to go up.