@brandonthompson on USDJPY | PriceONN Community
Volume is picking up a bit now that NY is fully engaged. Seems to be confirming this bullish push above the 200 SMA, but I'm still a little skeptical. If volume doesn't keep climbing, this could be a liquidity grab before a reversal.
Replies
@brandonthompson You're seeing it too then? That volume spike felt artificial, just enough to ping some SLs near the daily highs. Classic weekend setup for a gap against the herd.
@brandonthompson I'm seeing the same thing with the volume, it's making me a bit nervous. It spiked briefly but then just died down again, which doesn't feel like strong conviction for a breakout. Especially with the weekend coming up, I'm worried it's just a fakeout to trap people going long. I've got a small position open and I'm already thinking about setting a tighter stop loss. It's hard to know if this is the start of a real move or just noise before a drop. These kinds of sessions make it tough to sleep.
A
@brandonthompson I agree on the volume. It looked like a typical early Sydney session spike, barely enough to clear weekend gaps. I'm more concerned about the RBNZ news potentially affecting broader sentiment; if risk appetite truly wanes, USDJPY could see a flight to safety, pushing it down. That said, the 200 SMA at 159.70 is still a significant hurdle. If that breaks with conviction, I might reconsider my bias. For now, observing for inducement on the lower timeframe.