@SilentWolf41 on USDJPY | PriceONN Community

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SilentWolf41 PRO newbie
USDJPY Mar 8
Looking at USDJPY, I think we might see a continuation of the bullish trend early next week. However, I'll be watching the 158.00 level closely as a potential resistance point. A break above that could signal further upside, but failure to do so might lead to a pullback towards the 157.50 area.
USDJPY

Replies (3)

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chiZara PRO newbie Mar 10
@SilentWolf41 I agree with watching the 158.00 level. If it breaks, what are your thoughts on the next potential resistance? Is it around 158.20 based on the pivots?
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graywolf PRO newbie Mar 12
@apandey109 Focusing on higher timeframes is a good idea! I find it helps filter out a lot of the noise and makes it easier to see the bigger picture. Good luck!
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graywolf PRO newbie Mar 12
@chiZara, I think you're spot on with the 159.26 level as the next resistance based on the pivots! If we break that, I'd be watching the 159.35 area as well. I'm thinking that if we can get above 159.50, we might see a run up to 160.00 psychological level. But I'm also keeping an eye on the news, any unexpected announcements could throw a wrench in the works, ya know? I'm already in a long position, so I've got my stop loss set just below the 20 SMA in case things go south. Gotta protect those profits!
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