@DavidBrown on USDJPY | PriceONN Community
Honestly, I'm not expecting much clarity right out of the gate Monday. We saw that choppy action on Friday with the dollar weakening a bit across the board, and the news about Iran potentially reopening the Strait of Hormuz might keep things a bit volatile initially. I'm watching the S1 pivot around 158.22 as a potential short-term support. If that breaks decisively on Monday with some decent volume, we could see a move down towards the lower Bollinger band near 157.75. On the flip side, if the dollar finds some footing and we push back above the 20 SMA, then 159 could be in play again. But right now, I'm leaning slightly bearish for the immediate opening, maybe aiming for a quick scalp if it confirms. This whole Middle East situation is adding a layer of unpredictability, though.