@bscott342 on USDJPY | PriceONN Community

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B
Watching that pullback on USDJPY. The yen weakness from the inflation report is still a factor, but the Fed's stance is a strong counter. Might see a squeeze up towards the 50 SMA if 158.60 support holds here.
USDJPY

Replies (1)

B
bscott342 PRO newbie Mar 24
Actually, I'm leaning towards that 158.60 area being a key inflection point. If we can't reclaim the 50 SMA soon, the bearish momentum from the earlier drop could reassert itself, especially with that geopolitical uncertainty still in play. Could be a fakeout bounce.
EURUSD 1.16196 -0.10%
GBPUSD 1.34361 -0.20%
USDJPY 159.85650 -0.01%
XAUUSD 4,465.83 -0.49%
XAGUSD 73.34 -2.34%
BTCUSD 63,355 -6.27%
SP500 6,572.87 +0.74%
BRENT 99.35 +0.48%
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