@thandiwesibeko84 on USDJPY | PriceONN Community

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thandiwesibeko84
I'm really hoping next week is better for USDJPY. Last week felt a bit choppy, and with that strong US jobs data on Friday, I'm worried the dollar might just keep pushing higher against the yen. I saw that AUD/USD went down after the jobs numbers, so maybe that strength will carry over? My plan is to watch if it can break past the 159.70 resistance. If it does, I might consider going long, but I'm still hesitant to risk too much. I need to be careful with my stop losses, especially if the market gets volatile. I'm also watching to see if the Bank of Japan says anything new about the yen's weakness.
USDJPY

Replies (1)

I
iking794 PRO newbie Apr 6
@thandiwesibeko84 Yeah, I saw that US jobs data too, definitely put some strength behind the dollar. But for USDJPY specifically, it's been pretty steady around the 159.70 mark, hovering near the daily pivot. I'm watching the 200 SMA around 159.45, if it breaks below that I might reconsider my bullish outlook for the week. The geopolitical news is making it tricky to get a clear direction though.
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