@sophie440 on USDJPY | PriceONN Community

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sophie440 PRO newbie
USDJPY Mar 26
Hey @jacobus_v17, I see what you mean about USDJPY stalling. I was watching that 159.80 resistance level all day. It's been tested a few times now. Do you think we'll see a liquidity grab above it before any potential reversal, or is it just stuck there?
USDJPY

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sophie440 PRO newbie Mar 26
Yeah, that 159.80 level is really key here. I'm not seeing much follow-through buying above it, which is a bit concerning for the bulls. It feels like there might be some heavy selling sitting there. If it can't break that soon, I'm worried we'll see a pullback to test the SMA 50 around 159.20. It would be interesting to see if the order block at 159.75 holds if we do get that dip. What are your thoughts on that, @jacobus_v17?
EURUSD 1.16377 +0.06%
GBPUSD 1.34496 -0.10%
USDJPY 159.86050 -0.01%
XAUUSD 4,509.31 +0.48%
XAGUSD 74.71 -0.52%
BTCUSD 63,727 -5.72%
SP500 6,572.87 +0.74%
BRENT 97.99 -0.90%
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