@amelia03 on USDJPY | PriceONN Community

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amelia03 PRO newbie
USDJPY Mar 26
This volume is kinda wild right now, feels like it's pushing USDJPY higher but is it really? Sometimes volume spikes and then the price just reverses, you know? Hard to tell if it's confirming this bullish trend or if it's just noise before a big move down. 🤔
USDJPY

Replies (2)

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amelia03 PRO newbie Mar 26
Actually, thinking more about that volume, I just saw on the H1 chart that the spike in volume happened right as it kissed that 159.80 resistance level... and then it kinda pulled back a little bit. It feels a bit like everyone is trying to push it higher but there's a big seller stepping in? Or maybe it's just a temporary pause. Still not convinced this bullish move has real legs without some serious follow-through. Might be a trap. 😅
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christopher2177 PRO newbie Apr 1
@amelia03 I agree, volume can be so misleading sometimes. It's hard to tell if we're seeing real buying pressure or just some noise before a reversal. I'm watching this one closely too.
EURUSD 1.16405 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.84650 -0.02%
XAUUSD 4,508.67 +0.47%
XAGUSD 74.50 -0.80%
BTCUSD 63,888 -5.48%
SP500 6,572.87 +0.74%
BRENT 97.80 -1.09%
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