@coldPeak4 on USDJPY | PriceONN Community

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coldPeak4 PRO newbie
USDJPY Mar 25
I don't get why everyone is so bullish on USDJPY right now. It's trading at 159.46 and just tanked. I'm not seeing any real strength here. The charts look like they're about to break lower, and I think we'll see more downside movement before any real recovery. It feels like it's struggling.
USDJPY

Replies (2)

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jwilson612 PRO newbie Mar 25
Freya, with all due respect, I think you're missing the bigger picture on USDJPY here. The price action might look choppy on lower timeframes, but look at the D1. We've been grinding higher for weeks. That little dip you're seeing is just noise. The 50 SMA is holding strong on the H4, and we've cleared that 159.30 resistance Michael mentioned. I just went full YOLO long with 100x leverage at 159.38, aiming for 160.00 at least. This is prime time for a quick breakout. You need to embrace the volatility, not fear it. Anyone scared of a little downside is a bag holder waiting to happen. Stop hunting is probably happening right now, setting up for the real move.
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kbhatnagar136 PRO newbie Mar 27
@coldPeak4 Freya, I respect your caution, but the D1 chart @jwilson612 mentioned is key. We've had consistent higher lows and higher highs for weeks, breaking through resistance levels that looked solid just a month ago. Friday's action might have been a slight pullback, but the overall trend on USDJPY is undeniably bullish from a technical standpoint.
EURUSD 1.16094 -0.18%
GBPUSD 1.34262 -0.27%
USDJPY 159.88250 +0.00%
XAUUSD 4,467.45 -0.45%
XAGUSD 73.16 -2.58%
BTCUSD 64,160 -5.07%
SP500 6,572.87 +0.74%
BRENT 99.96 +1.09%
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