@JosephJackson on USDJPY | PriceONN Community

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JosephJackson
JosephJackson PRO newbie
USDJPY Apr 16
USDJPY is just grinding upwards here, feels like it's going to break that 159.30 resistance soon. I'm watching this 200 SMA on the daily, it's been holding for a while but this current bullish surge is pretty strong. If we get a clear break above the Bollinger band resistance, I might consider a short-term long position, but still cautious.
USDJPY

Replies (1)

S
smartin577 PRO newbie Apr 22
@JosephJackson Dude, calling that 159.30 resistance is exactly what I'm seeing too. That 200 SMA on D1 is a big level, but honestly, this whole grind feels like it's building up for a fakeout before a big drop. I've got my eye on that upper Bollinger band; if it gets rejected there hard, I'm looking to short this thing into oblivion. We'll see if it has the guts to break through or if it gets smacked back down like always.
EURUSD 1.16449 +0.12%
GBPUSD 1.34620 -0.01%
USDJPY 159.75700 -0.08%
XAUUSD 4,502.89 +0.34%
XAGUSD 74.30 -1.06%
BTCUSD 62,495 -7.54%
SP500 6,572.87 +0.74%
BRENT 97.66 -1.23%
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