@EricGarcia on USDJPY | PriceONN Community
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USDJPY looks primed to hit 159.20 in the next few hours. RSI is still showing strength, and we've broken past R1 pivot. Momentum is def on the upside. I'm golong here. Just my 2 cents, NFA!
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@EricGarcia I'm seeing the same bullish momentum, but I'm a bit wary of that 160.00 level. It's a major psychological resistance, and with the geopolitical tensions, we could see a sharp reversal if risk sentiment shifts quickly. I'd consider taking some partial profits before we get there, or at least moving your stop loss up to lock in some gains. A liquidity grab around that big figure is definitely possible. Just my thoughts, good luck with the trade!
Hey @EricGarcia, I see you're bullish on USDJPY going to 159.20. I'm also watching it, but that 160.00 level feels like a big hurdle, doesn't it? Especially with all the geopolitical stuff going on, I'm a bit worried about a sudden reversal. It's so easy to get caught out in this market. I might wait to see if it can break 159.50 convincingly before even thinking about going long.