@NgoziA32 on USDJPY | PriceONN Community
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Hey @tThompson16, I saw that too. The price is like, going up and down so much. It made a weird looking candle yesterday, almost like a doji but fatter. I don't really know what it means, but it looked kinda indecisive. Makes me nervous to even think about entering a trade right now, especially with how much Yen is moving.
Replies
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Yeah, I'm also worried about that big move we saw earlier. It feels like Yen is losing strength against the dollar, and I saw something about the Bank of Japan maybe doing something different? It’s confusing because sometimes it feels like it’s gonna keep going up, and then suddenly it drops a lot. I'm just hoping my small position stays okay.
Hi @NgoziA32, I understand the hesitation with the choppy action. The candle you're describing sounds like it could indicate indecision, which is common when price is consolidating. The Bank of Japan's stance is definitely a factor to monitor, but technically, USDJPY is still holding above several key SMAs and the RSI isn't showing extreme conditions yet. I'd recommend waiting for a clearer break above the R1 pivot at 159.423 or a confirmed break below the S1 support at 159.224 before committing.
K
Hey @krobinson911, I agree about the indecision. That candle yesterday really threw me off. I'm also hearing whispers about Japan possibly intervening to support the Yen, which makes me super nervous about holding any USDJPY longs right now. This geopolitical stuff with the Middle East and the dollar strength isn't helping either, it's all so confusing.