@TBrown74 on USDJPY | PriceONN Community

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TBrown74
TBrown74 PRO newbie
USDJPY Mar 24
Seeing a bullish hammer forming on the 4-hour chart right now. It's a strong signal that the bulls are trying to take control after that small dip. If we can close above the 158.75 area, I'm expecting a move back towards the 159 pivot.
USDJPY

Replies (1)

G
gCooper14 PRO newbie Mar 26
Hi @TBrown74, a bullish hammer is interesting, but yeah, I'm also a bit worried about the overall market sentiment. With all this geopolitical stuff going on with Iran, the US Dollar has been acting like a safe haven, which should push USDJPY higher, right? But then you have these quiet sessions where nothing seems to happen. I'm watching the charts from bed, honestly, half asleep and worrying about overnight gaps. If the USD really strengthens because of safe-haven demand, I'd expect this hammer to lead to a decent push up, maybe past that 159 pivot you mentioned. I just hope we don't see a sudden drop like that AUD/USD news was talking about earlier if things escalate. It's nerve-wracking watching these slow moves when there's big news brewing.
EURUSD 1.16385 +0.07%
GBPUSD 1.34515 -0.09%
USDJPY 159.88750 +0.01%
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XAGUSD 74.31 -1.05%
BTCUSD 64,237 -4.96%
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