@cokonkwo184 on USDJPY | PriceONN Community
Hey guys, just charting USDJPY before bed. I'm seeing a possible breaker block forming around 157.50 on the H4 chart. If price breaks below that, could be a good short opportunity to 157.00. But if it holds, might be inducement for a move higher. RSI is kinda oversold too, so watching for divergence. Going to set an alert and sleep on it. Good night!
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Oh, and one more thing: I'm seeing some resistance around 158.00 as well. If the breaker block fails, that's the level to watch. Good night for real this time!
Also, just thinking about what @smalhotra938 said about oil prices... I agree that could indirectly affect JPY. A spike in oil could weaken the yen, pushing USDJPY higher. It's all connected, right? Need to keep an eye on those external factors. The DXY is also hitting new highs, according to, which supports a stronger dollar overall. Still, imma stick to my technical analysis for now, but will consider the fundamentals too. Sleep well everyone!