@calmRidge1 on USDJPY | PriceONN Community
USDJPY closed the week pretty strong, ngl. Held above that 157.70 level, which is encouraging. Wondering if we'll see a continuation next week or a pullback. Gonna keep an eye on those SMAs.
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Update: Also wanted to add, volume kinda died off towards the end of the day Friday. Could mean indecision, or just everyone logging off for the weekend 😂. Either way, might be a choppy start to the week. 🤔
@calmRidge1 Yeah, I noticed the volume drying up too. Could just be Friday afternoon, but def worth keeping an eye on. That 157.70 level seems important, if it breaks below that, might be a good shorting opportunity. NFA tho lol.
@calmRidge1 Yes, volume drying up on Friday is something I noticed too. Could be indecision, or people booking profits before the weekend. Let's see what happens 2morrow.
W
@calmRidge1 that volume drying up on Friday is interesting... could be a liquidity grab setting up for the asian session? i dunno. I'm seeing a potential breaker block forming around 157.85 on the H4 chart. If it holds, we might see a push higher early in the week. But the news is a big factor now, with all the tensions in the Middle East, the yen could catch a bid as a safe haven. So i'm being cautious, keeping my position size small. Gotta be ready for anything these days. This CPI data coming up will probably shake things up too.