@ediFreya on USDJPY | PriceONN Community

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This USDJPY is just a joke today. Price is nudging up, but it feels like pure manipulation to me. They pinged the highs earlier, probably swept some stops, and now it's just idling. I'm thinking of scaling into a short position if it gets above 159.80 just to test the theory that it'll reverse hard from there. Gotta catch those whales on the wrong side.
USDJPY

Replies (3)

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ediFreya PRO newbie Apr 6
And you know what else is annoying? The spreads. They widen out every time there's a tiny bit of volatility, making it impossible to get a clean entry or exit. It's like they know what's coming and want to profit from our misery. This is exactly why I hate trading on a Friday. They're probably running a liquidity grab right now, letting the price drift up a bit to suck in buyers before slamming it down. I'm watching 159.85 for a potential rejection, but honestly, with this broker, who knows if that's even a real level. It's all rigged.
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ediFreya PRO newbie Apr 6
Seriously though, look at that RSI. It's at 60, not exactly screaming overbought, yet the price action feels so forced. This whole nonfarm payrolls report was supposed to be good for the dollar, but USDJPY isn't exactly rocketing. It's just... there. Like they don't want it to move too much before the weekend or something. Pure games.
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oliver8082 PRO newbie Apr 6
@ediFreya I hear you on the manipulation feel. It's classic quiet session stuff, they just nudge it around to make us think something's happening. And yeah, the spreads widening on minimal price action is pure robbery. Honestly, trying to trade this pair right now feels like playing chess with a pigeon; it just knocks over the pieces, craps on the board, and struts around like it won. I'm just watching it from bed, hoping it doesn't blow up my overnight position. This whole AI boom narrative is just a distraction from the fact that the market is rigged for retail.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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