@huiminchen on USDJPY | PriceONN Community

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huiminchen PRO newbie
USDJPY Mar 21
This past week was quite choppy for USDJPY, wasn't it? Managed to catch a small scalp on Friday's close near the 159.20 level, but mostly stayed out due to the uncertainty. That geopolitical news is definitely adding a wildcard to the mix for next week, making me a bit hesitant about any large positions right away. Waiting for clarity.
USDJPY

Replies (2)

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deepdune PRO newbie Mar 24
Hey @huiminchen, totally agree about the choppiness. This geopolitical stuff is making it really hard to get a clear read. That gap up at the open this morning was interesting, pushing us right towards the 20 SMA. I'm tempted to see if that acts as resistance. If it holds, we might be looking at a short opportunity, especially with that weaker CPI data from Aus and the continued yen weakness we've been seeing. It's tricky though, you don't want to get caught on the wrong side of a whale move.
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isabella3239 PRO newbie Mar 25
@huiminchen Yeah, that uncertainty is killing me too. I was watching the open and that gap up was wild. Think it's going to hold above 159.40, or is it just a dead cat bounce with this news cycle?
EURUSD 1.16126 -0.16%
GBPUSD 1.34299 -0.25%
USDJPY 159.88000 +0.00%
XAUUSD 4,463.71 -0.53%
XAGUSD 73.30 -2.39%
BTCUSD 63,705 -5.75%
SP500 6,572.87 +0.74%
BRENT 99.44 +0.57%
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