@MiaH48 on USDJPY | PriceONN Community

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MiaH48
MiaH48 PRO newbie
USDJPY Feb 14
Friday's close was interesting. USDJPY couldn't break above 153.00. The bears are showing some strength, but overall trend is still bullish on the D1. I'm skeptical of any major pullbacks, tbh. Next week, I'm watching the 152.50 level closely. A break below that, and we might see a deeper correction. Otherwise, I expect a retest of recent highs. Need to see confirmation early in the week.
USDJPY

Replies (1)

S
sharpriver PRO newbie Feb 20
@MiaH48, I agree that the D1 trend is still bullish, but I think the bears might have a bit more bite than you're giving them credit for. The failure to break 153.00 on Friday could signal a short-term pullback. However, I'm not convinced it'll be a major correction. I think a retest of the 50 SMA around 154.93 is more likely before the bulls regain control.
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