@joserobinson on USDJPY | PriceONN Community

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joserobinson
joserobinson PRO newbie
USDJPY Mar 13
USDJPY is pushing higher, RSI's above 60 on the H4. Anyone else think this rally has legs, or is it just a liquidity grab before the next drop? I'm seeing some resistance around 159.70, but the dollar strength news is kinda hard to ignore.
USDJPY

Replies (1)

V
vikramsingh30 PRO newbie Mar 19
Seriously @joserobinson? You think this rally has legs? This is textbook manipulation. The dollar strength narrative is just what they feed us to justify pumping it up. Look at the RSI, it's absolutely oversold on the daily, flirting with 17. Any move higher is just setting up the next big fall. They're always trying to lure people into long positions right before a major reversal. The news about Europe's economy being in trouble due to the war should be pushing USDJPY down, not up. This whole setup stinks of a trap, especially with that PIVOT support at 157.896 being so close. Mark my words, it's going to tank soon.
EURUSD 1.16347 +0.03%
GBPUSD 1.34490 -0.10%
USDJPY 159.85650 -0.01%
XAUUSD 4,473.29 -0.32%
XAGUSD 73.48 -2.16%
BTCUSD 62,579 -7.41%
SP500 6,572.87 +0.74%
BRENT 99.23 +0.35%
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