@daniel577 on USDJPY | PriceONN Community

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daniel577
daniel577 PRO newbie
USDJPY Mar 17
Watching USDJPY currently, and the price action around the 159.00 level feels eerily similar to a setup I observed back in late Q2 last year. We had a similar consolidation phase just below a key resistance, followed by a sharp, news-driven reversal that caught many off guard. The current RSI at 41.2 suggests neutrality, but I'm wary of any sudden volatility spikes, especially with the FOMC meeting on the horizon. Need to see a clear break and hold above 159.20 to even consider a long bias.
USDJPY

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EURUSD 1.16318 +0.01%
GBPUSD 1.34409 -0.16%
USDJPY 159.87950 +0.00%
XAUUSD 4,470.42 -0.39%
XAGUSD 73.40 -2.27%
BTCUSD 62,325 -7.79%
SP500 6,572.87 +0.74%
BRENT 99.55 +0.68%
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