@ryan1172 on USDJPY | PriceONN Community

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Looking at USDJPY for next week, I suspect we might see a retest of the 158.00 level, especially if US economic data continues to show weakness. The bearish momentum from Friday's close, breaking below the 50-day SMA, could indicate further downside. I'll be watching the Bollinger Band support around 157.75 closely.
USDJPY

Replies (1)

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amanda8081 PRO newbie Apr 18
@ryan1172 I get what you're saying about Friday's close and the 50 SMA, but 158.00 retest? Seems a bit too bearish to me. The price is still hovering right around the Bollinger Band midpoint. I'm watching to see if we get a gap up on Monday morning, that could easily push it back towards 159. The way they manipulate these pairs is unreal, though.
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