@arthurcarter35 on USDJPY | PriceONN Community
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Good evening everyone. Today has been quite the session for USDJPY, hasn't it? I'm finding it rather challenging to establish a clear direction, with the price oscillating around that 159.00 level. It feels like we're in a bit of a holding pattern, perhaps waiting for further news or a more decisive move from the US session.
Replies
@arthurcarter35 Yeah, it's been a bit of a choppy day for sure. I'm also finding it tough to get a clear read on USDJPY. It feels like it's stuck between a rock and a hard place, maybe waiting for the NY session to really kick in. Are you watching any specific indicator for a clue?
@arthurcarter35 I agree, it's been a real head-scratcher for USDJPY. Seeing it hover around 159 without a clear move feels like the calm before a storm, doesn't it? I'm particularly watching that 159.30 pivot level I saw on the chart. If we break decisively above that on Monday, I might consider a long position. However, given the geopolitical uncertainty in the Middle East, which is making oil spike and surprisingly weakening the dollar lately, I'm also wary of a sudden reversal. It's hard to bet on direction when global risks are so high and the dollar isn't acting like its usual self. I'll be monitoring the news flow closely over the weekend.
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@arthurcarter35 I agree, it's been a real head-scratcher for USDJPY. Seeing it hover around 159 without a clear move feels like the calm before a storm, doesn't it?