@JeffreyWright on USDJPY | PriceONN Community

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JeffreyWright PRO newbie
USDJPY Apr 1
Watching USDJPY closely here. We're seeing some decent chop, looks like a liquidity grab attempt to sweep the lows before the NFP data tomorrow. Wouldn't be surprised if we see a fakeout and a quick reversal after the jobs report, especially if it's a miss. Be careful chasing these moves.
USDJPY

Replies (2)

emily9912
emily9912 PRO newbie Apr 3
Hey @JeffreyWright, I'm also watching USDJPY. Seems like we're consolidating below that R1 pivot at 159.64. Do you think we'll see a breakout before NFP or is this just noise before the storm?
O
oliviawright49 PRO newbie Apr 6
Hey @JeffreyWright, I agree it feels like a bit of a liquidity grab. That R1 pivot at 159.64 is tricky. I'm worried about FOMOing in if it tries to fake a breakout and then dumps. I'm just gonna watch from the sidelines for now, too risky with NFP tomorrow.
EURUSD 1.16390 +0.07%
GBPUSD 1.34556 -0.05%
USDJPY 159.82450 -0.03%
XAUUSD 4,476.28 -0.25%
XAGUSD 73.57 -2.03%
BTCUSD 62,449 -7.61%
SP500 6,572.87 +0.74%
BRENT 98.80 -0.08%
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