@vikramsingh30 on USDJPY | PriceONN Community
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USDJPY just looks like another classic liquidity grab before they slam it down. I've seen this pattern a million times. They push it up to trigger stops, then the algos kick in and it reverses hard. It's always the same story. Just waiting for the inevitable drop.
Replies
Hey @vikramsingh30, I get what you're saying about the liquidity grab. It's definitely a common tactic. I've been watching USDJPY too, and while it looks like it's been grinding up, the overall trend is still pretty strong on the daily charts. I'm not sure if it's a setup for a big drop just yet. Maybe we'll see some consolidation around these highs for a bit longer before any major moves. The RSI is still hanging in there, not showing any real weakness yet. It'll be interesting to see if the big players try to push it lower over the next week, but for now, I'm staying cautious. NFA, obviously.