@NurulAbdullah on USDJPY | PriceONN Community

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Hey everyone, I've been seeing a lot of talk about volume confirmation lately. I'm still learning the ropes with indicators like this. Does anyone have a good go-to strategy for using volume on USDJPY? I feel like it could really help me understand if these moves are legit or just noise. Any tips would be greatly appreciated!
USDJPY

Replies (2)

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rajeshsingh75 PRO newbie Apr 15
Hey @NurulAbdullah, I'm also trying to figure out volume, it's a bit confusing for me as a beginner. I keep seeing these big candles but then the price just goes back. The news about the dollar weakness and easing tensions has me thinking things should be moving more. Maybe the volume is low because it's this quiet Sydney session? I saw one headline saying the dollar might be weakening though, which usually means USDJPY should go down, right? But then it's not doing much. I'm kinda worried about my position overnight if it's just going to chop around.
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kimberly1998 PRO newbie Apr 19
Hey @NurulAbdullah, volume is a pain, I get it. Especially with this USDJPY pair, it just does whatever it wants without any real conviction. I tried using it before but it's like, the big candles happen but then the price just retraces or goes sideways. It's like they're just sweeping the lows to shake people out, then nothing. And with that oil news, it's hard to tell what's actually driving this pair. I think it's all just manipulation anyway, they make the charts do what they want.
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