@NicoleHarris on USDJPY | PriceONN Community
Ugh, this USDJPY is confusing me today. One minute it looks like it's heading down, then suddenly it bounces a bit. I thought I saw it testing the support line near 158.00 earlier, but then it just kind of… hovered? Feels like the charts are all over the place.
Replies
And this whole thing about that 159.60 resistance… is that supposed to mean it’ll go up or down? My brain hurts trying to figure out if it's breaking out or retreating. Seriously wish it would just pick a direction already! 😩
C
@NicoleHarris I feel you on the confusion with USDJPY today, it's been a real choppy mess. That 159.60 level is definitely a key zone. I'm watching it closely to see if we get a clean break above it. If it fails there and we see a strong bearish candle pattern forming on the H4, I might even consider a short position with a tight stop just above it. But honestly, with the way the news has been flying around about geopolitics and interest rates, anything could happen. I'm looking to go all-in on a breakout or breakdown, 100x leverage of course!
J
@NicoleHarris I totally feel you on the USDJPY confusion, it was all over the place Friday. That bounce off 158 felt like it could be something, but then it just kinda stalled out near that 158.50 area. I'm not sure about that 159.60 resistance, it feels like it's been there forever and keeps rejecting any upside. Maybe we'll see some inducement trying to catch longs before it heads lower again? I'm mostly just waiting to see if it breaks through the S2 pivot at 158.014, that would be a pretty strong signal for me that the bearish sentiment is coming back. It's hard to get a clean read when the price action is like this, makes me nervous about holding any positions over the weekend.
S
@NicoleHarris I feel the same way about USDJPY, it's been so choppy. That support line you mentioned near 158 sounds right. I'm just watching and waiting to see what happens next week.