@harry7918 on USDJPY | PriceONN Community

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H
This USDJPY chart is seriously confusing me. I thought the BoJ printing money meant JPY was supposed to weaken, but then the chart looks like it's just chopping sideways near resistance. Is this bullish or bearish? My gut says to be careful but I can't tell what the price action is saying.
USDJPY

Replies (2)

H
harry7918 PRO newbie Mar 26
It's like the price is stuck between the SMA and that pivot level, doesn't know where to go.
K
kabiru1989 PRO newbie Mar 30
@harry7918, yeah it's really chopping around that 159.70 area. Feels like it's just waiting for some news to break the range.
EURUSD 1.16110 -0.17%
GBPUSD 1.34267 -0.27%
USDJPY 159.87950 +0.00%
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