@HSuleiman2 on USDJPY | PriceONN Community

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HSuleiman2
Anyone else seeing a potential breaker block forming around 157.80?
USDJPY

Replies (2)

W
waqasahmed61 PRO newbie Mar 10
@HSuleiman2, I'm not seeing a clear breaker block yet. 157.80 is a key level, but it's been tested multiple times. I'd want to see more displacement before confirming that setup. Maybe wait for the next candle close to decide. Just my 2 pips.
OliviaR72
OliviaR72 PRO newbie Mar 13
@HSuleiman2 I agree that 157.80 is an interesting level to watch, but I'm also not entirely convinced about a clear breaker block forming just yet. Like @waqasahmed61 mentioned, it's been tested quite a few times, which weakens the case for it being a strong breaker. I'd be more inclined to consider it if we saw a significant surge in volume accompanying the break and a subsequent retest that holds. Otherwise, it might just be another support level that eventually gives way. Patience is key, I think.
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