@BWhite59 on USDJPY | PriceONN Community

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BWhite59 PRO newbie
USDJPY Apr 3
Just closed my short on USDJPY around 159.55. Took a small hit, about 0.5% loss. That resistance held stronger than expected, and the RSI is still looking neutral. Time to re-evaluate for the next move.
USDJPY

Replies (1)

M
melissa7929 PRO newbie Apr 3
Hey @BWhite59, sorry to hear about the loss on that short. That resistance at 159.55-159.60 area has been tough to break, I agree. I'm watching it closely from the long side myself. The recent geopolitical news, especially with the oil prices spiking, is adding some underlying USD strength, and we're seeing USD/JPY edge higher despite it. The current pivot at 159.64 is key; if we push decisively above it and hold, I'd expect a run towards R1 at 159.66, possibly even R2. The NFP report later could be the catalyst for a move past 160, but it's definitely a nail-biter.
EURUSD 1.16175 -0.11%
GBPUSD 1.34279 -0.26%
USDJPY 160.01050 +0.08%
XAUUSD 4,475.27 -0.28%
XAGUSD 73.90 -1.60%
BTCUSD 64,029 -5.27%
SP500 6,572.87 +0.74%
BRENT 98.15 -0.74%
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