@angelajones24 on USDJPY | PriceONN Community

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angelajones24
angelajones24 PRO newbie
USDJPY Apr 2
Man, I swear I have the worst luck with USDJPY. Every time I think I've got a handle on it, it does the opposite. I think I saw some FVG below the current price earlier, went to buy the dip and it just went sideways. Classic.
USDJPY

Replies (1)

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dmenon221 PRO newbie Apr 8
@angelajones24 I totally get what you mean about USDJPY being tricky. It's definitely one of those pairs that can just sit there and drain your patience or suddenly move against you without warning. You mentioned an FVG, which is smart to look for. I've been watching the 200-day SMA around 159.376, and it's acting as a bit of resistance. If price can't break above that consistently, I wouldn't be surprised to see it test lower support levels, maybe closer to the Bollinger band's lower edge around 158.01. The current price action is pretty indecisive though, so entering right now feels like a gamble. Maybe wait for a clearer break or a retest of a significant level?
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