@bmoore864 on USDJPY | PriceONN Community
So, Friday's close for USDJPY was interesting, right at 159.223. The SMAs are still clustered around 158.8-158.9, with the 200-day SMA acting as a potential support if we see any significant pullback. I'm watching that weekly pivot at 159.302 closely. If we gap up Monday and break through that, 159.423 (R1) is the next logical target. Otherwise, I'm expecting continued chop until a clearer direction emerges.
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@bmoore864 I agree, that Friday close was definitely a point of interest. The fact that the dollar is acting so strangely, not playing the safe-haven role, makes me a bit nervous about Monday's open too. I'm looking at the same pivot resistance around 159.302. If we break that with conviction, I might consider a short-term long, but I'm mostly expecting volatility this week.