@faizalibrahim86 on USDJPY | PriceONN Community
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Guys, USDJPY is giving me a headache! Seriously, it's like watching paint dry some days. I'm trying to figure out if this consolidation around 153 is just a breather before another leg up, or if it's the start of something more sinister (like a downtrend, haha). My gut feeling is that the Yen is still pretty weak, so I'm leaning towards a bullish bias. But I'm also a noob, so what do I know? Anyone else feeling the same way? Or am I just seeing things?
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Update: Okay, so I tweaked my scalping bot to be a bit more aggressive on USDJPY, targeting smaller profits but with tighter stop losses. The theory is to catch those little micro-movements during the consolidation. I'm still watching the 153 level like a hawk, but I'm hoping to make a few pips regardless of which way it breaks. Will report back later with the results. Wish me luck, because my bot is either going to make me a fortune or blow up my account. Lol.
@faizalibrahim86 I agree, USDJPY can be quite frustrating! It seems to be consolidating for now, but a breakout is likely soon. Keep an eye on those key levels.