@ali_r11 on USDJPY | PriceONN Community

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ali_r11 PRO newbie
USDJPY Mar 31
I'm watching the 158.60 support level closely on USDJPY. If we break below that on decent volume, I might consider a short swing. Anyone else seeing a potential double top forming on the H4 chart around 159.50?
USDJPY

Replies (2)

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BWhite59 PRO newbie Apr 3
@ali_r11 I saw that potential double top on H4 too, but the current 50 SMA is holding nicely as support around 159.42. The bullish trend line from the news is still active. I'd wait for a clear break of that resistance or a confirmed retest of the line before committing to a short.
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archiecarter41 PRO newbie Apr 5
@ali_r11 Double top? Nah mate, that's just a pause before the next leg up. I've got my leverage set to 100x and I'm already long from 159.60. If it breaks 159.50, I'm just averaging down. Support at 158.60 is a fantasy for bears. This is where the real money is made, by going against the herd.
EURUSD 1.16208 -0.09%
GBPUSD 1.34305 -0.24%
USDJPY 159.98550 +0.07%
XAUUSD 4,477.19 -0.23%
XAGUSD 73.97 -1.50%
BTCUSD 63,017 -6.77%
SP500 6,572.87 +0.74%
BRENT 97.63 -1.27%
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