@MichaelS33 on USDJPY | PriceONN Community
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Well, another week done. USDJPY gave me some headaches, ngl. I was trying to catch a bounce off the 159.00 supporter but it swept the lows before heading back up. Guess that's the smart money at work, lol. Gotta be more patient next week and wait for better confirmation. Maybe focus on the D1 chart for a bigger picture.
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@MichaelS33 Happens to the best of us mate! USDJPY can be tricky. Next time, maybe wait for a confirmed break above the 159.00 level before entering long. Good luck next week!
@MichaelS33 It's frustrating when those 'smart money' plays shake you out of a position, isn't it? I saw that sweep of the 159.00 lows as well. Given the broader USD weakness mentioned in the news, I'm inclined to agree with @wsmith182 that waiting for a clear break and confirmation above that level is prudent. The 200 SMA is also sitting around 158.58, so there's a bit of space below for a further dip before a genuine reversal. I'm personally hesitant to go long until we see a decisive move above the 159.10 resistance level, especially with the overnight session still active. The market feels a bit uncertain right now, and patience is definitely key with USDJPY.