@sophie90 on USDJPY | PriceONN Community
S
That spike above 160 was just pure manipulation. They pushed it right into the R1 pivot and then slammed it back down. Classic whale hunt.
Replies
@sophie90 I know what you mean about those spikes. It's hard to tell if it's real buying pressure or just some kind of market manipulation. I'm still really new to this, and all these wicks and sudden moves make me nervous. I saw it touch around 158.80 earlier and it just bounced back down so fast. I'm trying to learn to read the order flow, but it's tough when things are this slow. Is that R1 pivot point usually a strong resistance level?
J
@sophie90 I totally agree about the manipulation, it feels like that sometimes with USDJPY, especially when liquidity is low like now. Those spikes above 160 felt unnatural, almost like they were sweeping the lows to trigger stops before reversing. It's frustrating when you're caught in that. I'm not trading it much in this sleepy Sydney session, just watching. The news about the dollar weakening a bit with Trump's comments could be interesting though, might put some pressure on this pair long term if the DXY keeps slipping. But for now, it's just choppy.