@RadhaMehta on USDJPY | PriceONN Community

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R
USDJPY closed strong Friday, but this run-up past 160 feels like a trap. I bet it gaps down Monday morning. What are you guys expecting next week? Think this bull run has legs or just more manipulation?
USDJPY

Replies (2)

R
RadhaMehta PRO newbie Mar 28
Plus, that 160.50 area is a massive resistance from the past. Breakout failure seems likely here.
R
RadhaMehta PRO newbie Mar 28
The RSI is screaming overbought though, and all this geopolitical noise pushing the dollar up feels artificial. They're probably just sweeping the highs before a massive dump. I'm staying out until I see clearer signals, or at least until the spread calms down.
EURUSD 1.16305 +0.00%
GBPUSD 1.34386 -0.18%
USDJPY 159.86850 -0.01%
XAUUSD 4,470.30 -0.39%
XAGUSD 73.48 -2.16%
BTCUSD 63,046 -6.72%
SP500 6,572.87 +0.74%
BRENT 99.13 +0.25%
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