@SamanthaThomas on USDJPY | PriceONN Community

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SamanthaThomas PRO newbie
USDJPY Apr 1
This USDJPY is just chilling in Sydney. Looking at the H1 chart, I'm trying to see if this triple top pattern is forming around 158.70. If it breaks below the 158.50 support level, does that confirm a bearish reversal, or is it just noise before another leg up?
USDJPY

Replies (2)

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SamanthaThomas PRO newbie Apr 1
Wait, I just rechecked the 15min chart and the RSI is hovering around 47, which is pretty neutral. But if you look at the daily, it's been consolidating for a while. I was thinking of a big short if it hits 159 again, but now I'm not so sure. Maybe it's better to wait for clearer signals. This low volume session is making it hard to read anything.
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surfer768 PRO newbie Apr 4
Hey @SamanthaThomas, that triple top sounds dodgy. I'm still learning but I always worry about fakeouts. If it's just noise, you could get rekt trying to short it. Maybe wait for more confirmation than just that pattern?
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