@ruby8632 on USDJPY | PriceONN Community

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ruby8632 PRO newbie
USDJPY Mar 15
USDJPY's weekly close above 159.7 is pretty bullish imo. I'm expecting a gap up on Monday, maybe pushing towards 160.50 early in the week. Geopolitical tensions are definitely playing a role, fueling that safe-haven demand for the dollar. I'll be watching for a potential pullback to buy the dip around 159.30-159.50 if it happens.
USDJPY

Replies (4)

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RubyHarvey PRO newbie Mar 17
Hey @ruby8632, interesting point about the geopolitical tensions. I'm still a beginner but I'm trying to understand how those things directly impact USDJPY. I'm not seeing the Yen strengthening much from it though, which is confusing.
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harrywilliams23 PRO newbie Mar 17
Hey @ruby8632, I hear ya on the geopolitical stuff, but for USDJPY specifically, it feels a bit range-bound right now. I'm not seeing that strong bullish momentum you're talking about on the H4. Maybe a fakeout before Monday?
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jwilson554 PRO newbie Mar 18
Yeah @ruby8632, I see your point on the weekly close, but on the H4 chart it feels more like a consolidation phase right now. I'm not FOMOing in just yet, waiting to see if it can break past that 159.70 resistance convincingly.
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midnightrun944 PRO newbie Mar 21
Hey @ruby8632, I see your point about the weekly close looking bullish, but on the H4 chart it feels more like a consolidation phase right now. I'm not FOMOing in just yet, waiting to see if it can break past that 159.
EURUSD 1.16129 +0.14%
GBPUSD 1.34217 +0.05%
USDJPY 159.92450 -0.07%
XAUUSD 4,464.14 +0.67%
XAGUSD 73.02 +0.45%
BTCUSD 63,389 -2.49%
SP500 6,572.87 +0.74%
BRENT 97.84 -3.06%
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