@sophie90 on USDJPY | PriceONN Community
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Seriously, this market is completely rigged. Every time I think I've got a handle on USDJPY, they pull the rug. It's just one big game for them.
Replies
Hey @sophie90, I understand the frustration. This pair can definitely feel like it's moving against you sometimes, especially when you're starting out. The market makers are always there, of course, but it's not always a 'rigged' game in the way it feels. Right now, USDJPY is actually trading lower, below the 159.00 level, and the RSI is showing oversold conditions on the H4. This current drop might be a reaction to some of the news we've seen recently, maybe the divergence in inflation data between the Eurozone and the UK is making traders shift focus. Keep an eye on that 158.67 pivot support; if that breaks, sentiment could turn even more bearish.