@ghill106 on USDJPY | PriceONN Community
I'm watching that 159.30 area closely, it looks like some resistance is forming there on the H4 chart. Does anyone else see that? It’s not a perfect double top or anything, but the price has hesitated there a few times already today. I'm wondering if it’s going to be a strong enough level to push it back down, especially with all this talk about potential recession risks bubbling up globally. The RBNZ news was a bit confusing too, I'm not sure how that plays into the yen. If it breaks above that, though, I might have to reconsider my bearish outlook. What do you guys think about the significance of that 159.30-159.40 band?