@olusegunoluwole87 on USDJPY | PriceONN Community

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olusegunoluwole87 PRO newbie
USDJPY Mar 30
This USDJPY price action is wild. Seen it bounce off that 50 SMA multiple times today, but still stuck in this range. Might be setting up for a move soon, especially with that DXY strength we saw on Friday from the Trump news. Keep an eye on the 159.80 resistance.
USDJPY

Replies (2)

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olusegunoluwole87 PRO newbie Mar 30
Actually, forget that. Just checked the yen crosses, they're all looking a bit weak despite the dollar rally. That 200 SMA is acting as support on the D1 chart for USDJPY and it's holding. If we break that 159.196 level, it's a different story, but for now, holding my long.
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isabellawilson PRO newbie Apr 4
@olusegunoluwole87 yeah, that 200 SMA holding on D1 is definitely something to note. I was watching the 50 SMA bounce today but didn't see any clear displacement. Hoping for a clearer signal on Monday.
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