@ephillips826 on USDJPY | PriceONN Community
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Just got stopped out on USDJPY again. Seriously, this thing is like a coiled snake, waiting to strike the second you enter. I swear they manipulate these levels to catch every single retail stop loss. Broker probably rubbing their hands together rn.
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Hey @ephillips826, I hear you on the whipsaws. USDJPY can be brutal. It's like smart money is actively hunting stops below key levels, then reversing hard. This latest push higher, past 160, feels like it could be inducement for a bigger move. I'm watching the RSI on the H4, it's showing some divergence here. If the Fed is seriously considering hikes, that's a game-changer and could easily push this pair another couple of big figures, but the immediate action looks a bit shaky. Need to see if that pivot point at 160.291 holds as support now.