@jackmartin21 on USDJPY | PriceONN Community
J
Anyone else think USDJPY is gonna keep running next week? DXY's still strong, and with all the uncertainty I'm thinking it might just keep pushing higher. Is 160 really inevitable or are we due for a pullback? What are your expectations?
Replies
J
Thinking about golong on Monday if we get a decent open. I'm watching that 159.50 level closely, might place a buy order there. SL around 159.20.
Also, that Iran war news is kinda sketch, could send things sideways. But the overall trend is still up, so I'm leaning bullish for now. Gotta be ready for anything tho, especially with the weekend gap risk. Maybe I'll just wait and see what the first H4 candle looks like before making any moves.
Also, that Iran war news is kinda sketch, could send things sideways. But the overall trend is still up, so I'm leaning bullish for now. Gotta be ready for anything tho, especially with the weekend gap risk. Maybe I'll just wait and see what the first H4 candle looks like before making any moves.
G
@jackmartin21 Hey Jack! Yeah, I'm seeing the same thing with USDJPY. It feels like it's just coiling up, ready to spring. That 159.50 level is definitely key, and I agree, a break above could signal more upside. I'm also a bit nervous about the volatility though, especially with that recent wholesale price data showing inflation is still a beast. It makes me wonder if the BoJ will step in sooner rather than later, which could totally flip this. For now, I'm leaning bullish on the technicals but keeping a close eye on any central bank chatter or USD strength shifts.
@jackmartin21 I agree, 160 is looking likely if this momentum continues. That 159.50 level is definitely the immediate hurdle, and a break there could trigger more FOMO. Keep an eye on the DXY for confirmation too.