@harry1239 on USDJPY | PriceONN Community
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Saw a quick YouTube breakdown on USDJPY, guy was talking about that geopolitical tension news potentially supporting DXY. He thinks it could lead to a liquidity grab above 159.50 before a potential reversal. Worth keeping an eye on.
Replies
@harry1239 Yeah I saw that video too, the one talking about the geopolitical stuff causing a DXY rally. Honestly, that whole Iran situation is making me nervous about overnight moves. I'm already holding a small short position, entered around 158.20, and I'm just hoping it doesn't get squeezed like that guy mentioned. Feels like the Fed's commentary is adding to the uncertainty, everyone's expecting no rate cuts, which should be bullish for USD but the price action is still weak. Maybe it's just low liquidity in Sydney, but I'm not sleeping well tonight.
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@harry1239 That YouTube analysis about a liquidity grab above 159.50 makes sense, especially with the geopolitical undertones. I'm definitely watching that level closely for potential stops to be cleared.