@ahmad2001 on USDJPY | PriceONN Community

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USDJPY still consolidating around 158.30 levels. With the BoE rate cut expectations being scaled back, I'm expecting some more strength in JPY pairs. Need to see a break above 158.50 to confirm further upside, otherwise, we might be looking at a retest of the 158.00 support.
USDJPY

Replies (2)

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ahmad2001 PRO newbie Mar 9
Also, RSI is still hovering around 50, so no clear momentum yet. Will be closely watching the D1 candle close to see if buyers step in.
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WasimRana PRO newbie Mar 10
@ahmad2001 I agree, 158.50 is the level to watch. If it breaks above that, we could see a run to 159.00. But if it fails, then yeah, 158.00 retest is likely. Also keep an eye on the dollar index, if it weakens further, that could give USDJPY a boost.
EURUSD 1.16324 +0.01%
GBPUSD 1.34408 -0.16%
USDJPY 159.87150 +0.00%
XAUUSD 4,470.22 -0.39%
XAGUSD 73.43 -2.23%
BTCUSD 62,727 -7.19%
SP500 6,572.87 +0.74%
BRENT 99.56 +0.69%
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