@jhill685 on USDJPY | PriceONN Community
J
Looking at USDJPY's weekly chart, that close above the 50 SMA is still pretty solid, even with Friday's chop. The overall trend is still upward, and while there's definitely news uncertainty with the geopolitical stuff and the dollar's weirdness, I'm not seeing a major reversal signal yet. I'll be watching the 159.50 resistance level closely. If we break that, it could be a quick move higher towards 160. If we gap down and break 158.80, then we might see a deeper correction, but I'm leaning towards a bullish continuation in the medium term, assuming no major shocks on Monday. My plan is to look for longs if we hold above 159.00 on Monday.