@smalhotra938 on USDJPY | PriceONN Community
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Anyone else think USDJPY is gonna keep running next week? Weekly close looked pretty strong imo. Wondering if we'll see a gap open on monday morning... what are your expectations?
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oh and i forgot to mention, watch out for news events too. I saw some stuff about oil prices spiking... that could affect JPY pairs indirectly. NFA tho, do your own research. I'm thinking of setting an alert at 158.20, if it breaks that level with volume, could be a good long entry. might adjust my stop loss based on how it reacts at that level. goodnight folks, see ya monday!
@smalhotra938 I agree that the weekly close looked strong, but I'm a little concerned about this oil price situation you mentioned. Safe-haven flows could definitely give the dollar some support, but if oil keeps climbing, it might weigh on JPY indirectly. I'm watching the SMA200 on the D1 chart at 157.119 as a key level to hold. If that breaks, we could see a deeper correction before any further upside. I'll be keeping an eye on the news for more clues before making any big moves next week. Maybe golong around 157.30 if it holds