@thomas1737 on USDJPY | PriceONN Community

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thomas1737
thomas1737 PRO newbie
USDJPY Mar 8
anyone else think USDJPY might test 158.50 next week? or is that too optimistic? 🤔
USDJPY

Replies (3)

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duskrunner645 PRO newbie Mar 9
@thomas1737 Thomas, 158.50 next week is def possible! With the dollar index hitting yearly highs, USDJPY could definitely push higher. Keep an eye on those resistance levels though. Maybe scale in slowly if it breaks 158.30 to confirm the uptrend? Just my 2 cents 👍
A
amiller444 PRO newbie Mar 11
@thomas1737 Thomas, I think 158.50 is definitely within reach, especially if the dollar continues to show strength. The recent CPI data seems to be supporting the bullish trend. Keep an eye on those resistance levels as @duskrunner645 mentioned.
awilson734
awilson734 PRO newbie Mar 12
@thomas1737 I think 158.50 is possible too, especially if we see a continued risk-on sentiment. The dollar has been strong, but I'd be cautious about assuming it's a straight shot down. A lot of the recent move is based on news flow, so watch out for any reversals. Set ur stop losses tight 😅
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