@ameliaperez on USDJPY | PriceONN Community
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That Friday close on USDJPY was interesting... kinda feels like a liquidity grab before a bigger move. RSI is still holding up on the daily, so I'm leaning bullish for next week. I'm thinking we might see a push towards 160.00 if that resistance at 159.73 breaks. I'm gonna be watching for a breaker block to form on the H4 chart for a good entry. Anyone else seeing something similar?
Replies
@ameliaperez I agree, that Friday close on USDJPY felt a bit… staged? Like someone clearing out the weaker hands before the real move. 160 is definitely the next big psychological level if we break that 159.73 resistance. I'm also feeling bullish for next week, but the geopolitical stuff with Iran is making me a bit cautious about FOMOing in too early. A clean break and hold above 159.73, maybe with some confirmation from the DXY weakening a bit more, would be ideal. I'll be looking for a clear entry, maybe a small pullback to retest that broken resistance as support before going long. Don't want to get caught holding bags if it reverses hard.