@nicholaswalker81 on USDJPY | PriceONN Community
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Looking at the chart for USDJPY, it seems like 158.45 is acting as some sort of support, based on the lower Bollinger band and where it bounced earlier. If we can't hold this level and start pushing down further, then 158.20 could be the next area to watch. But for now, it's a bit of a choppy mess.
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@nicholaswalker81 Support at 158.45? Come on man, that's just where they grabbed liquidity. Look at that wick, they pushed it down to snag all those stops and then reversed it HARD. It's not support, it's a hunting ground. That bearish engulfing on H4 is screaming sell to me, not buy the dip. They'll probably fake another push higher to trap more buyers before the real drop. This whole geopolitical stuff with Iran is just noise to distract from the real manipulation happening in pairs like USDJPY. You think it's choppy? It's planned. Every move is designed to take your money. Be careful out there, NFA.