@daniel5928 on USDJPY | PriceONN Community

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daniel5928 PRO newbie
USDJPY Mar 23
Watching USDJPY bounce off the S1 pivot at 157.882. It's testing that 50-period SMA at 158.743 now. If we can't break through that and the 20-period SMA, I'm expecting a retest of the lower Bollinger band around 158.02. Classic stop hunting setup if you ask me.
USDJPY

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daniel5928 PRO newbie Mar 23
Actually, scratch that last thought about it holding. This broker's spread just widened like crazy going into the NY close, probably to catch anyone trying to scalp that pullback. Saw the RSI creep up a bit but it's still not convincing. This entire move feels manipulated. They are pushing it up just enough to lure longs before another drop. Typical market makers playing games.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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