@ldnFinn on USDJPY | PriceONN Community
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This volume is pathetic, isn't it? It's so low, it's barely confirming anything. Price is just drifting around 159.50, but with this kind of liquidity, any small order could push it around. It feels like the algos are just having a field day, hunting stops before any real move. You can't trust this action to indicate a genuine trend. The RSI is sitting at 51, which is as neutral as it gets, adding to the confusion. It's basically a coin toss right now, and I wouldn't be surprised if we see a sudden move upwards or downwards purely on a lack of participation, not on any real conviction.
Replies
@ldnFinn You're right, the volume is really thin. It feels like we're just drifting sideways waiting for something significant to happen. I checked the hourly chart, and it looks like 159.75 is acting as a bit of resistance, and below 159.50 seems to be holding as support for now. But with this lack of volume, I wouldn't be surprised if a single large order could just blow through those levels. I'm staying out for now, it's too risky to try and scalp with this kind of uncertainty. Feels like we're just going to get whipsawed.
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Seriously @ldnFinn, this is painful to watch. It's just going nowhere! Feels like I'm stuck in quicksand. Was hoping for some movement overnight but nope. Just chilling at 159.60ish. What are you guys even doing with your trades in this kinda choppy market? NFA, just curious.