@kbhatnagar136 on USDJPY | PriceONN Community
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Next week, I'm expecting USDJPY to be range-bound between 157.50 and 158.20, unless we get some major news catalyst. The pivot points suggest a bit of resistance around 157.91, so I'll be watching that level closely. Keeping my powder dry until I see a clear breakout or breakdown. Happy weekend everyone!
Replies
@kbhatnagar136, I agree that 157.50-158.20 range looks likely next week, but I'm not sure if it'll hold for the whole week, especially with the geopolitical tensions. The dollar is strong and the yen is weak, so I'm leaning towards a breakout to the upside. Might look for a breaker block around 159.30 for a long entry if we get a pullback. Definetly keeping an eye on the news tho