@rpatel945 on USDJPY | PriceONN Community
Okay, so looking at USDJPY for next week, gotta keep an eye on the economic calendar. We've got a few potential market movers coming up... Nothing major like a Fed rate decision, but still important. Any surprise data could definitely shake things up, especially with how indecisive this pair has been lately. Need to see if any of the releases confirm or deny the current trend.
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Oh and another thing - don't forget to check the news wires for any unexpected geopolitical events. That stuff can throw all technical analysis out the window. Espesially since that Iran news came out. It's a chaotic world out there, and anything can happen. So yeah, economic calendar, revisions, geopolitical risks... gotta keep all that in mind when trading USDJPY next week. It's a lot to juggle lol
And speaking of data, I'm particularly watching out for any revisions to previous figures. Sometimes those revisions can have a bigger impact than the initial release itself. Plus, gotta remember the smart money will be looking at the same stuff. They might try to induce a fake breakout based on the initial numbers, only to reverse course later. Gotta be patient and wait for confirmation before jumping in. Otherwise, you're just feeding the whales lol