@williamwhite on USDJPY | PriceONN Community

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williamwhite
williamwhite PRO newbie
USDJPY Mar 16
What's everyone's feeling on USDJPY right now? Feels like it's trying to push lower after that oil news, but not with much conviction. Anyone see this as a potential setup for a dead cat bounce or are we looking at a bigger drop?
USDJPY

Replies (1)

J
josehall20 PRO newbie Mar 22
Hey @williamwhite, I hear ya. This USDJPY action is about as exciting as watching grass grow. I was looking at it too, and yeah, it feels like it's trying to catch its breath after that little dip. The oil news was weird, didn't seem to shake things up too much though. I'm not sure about a dead cat bounce yet, it just feels stuck in neutral. Like it's waiting for something big to happen. I'm not seeing any real conviction to the downside, but then again, it's not exactly screaming buy either. Honestly, I'm just sitting on the sidelines for this one until it gives me a clearer signal.
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