@oliviajones88 on USDJPY | PriceONN Community

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oliviajones88
oliviajones88 PRO newbie
USDJPY Jan 16
It appears USDJPY is testing the resistance level around 153.50. A sustained break above this point could signal further upside potential, but I'm cautious given the potential for a false breakout. The volume has been relatively light during this rally, which suggests limited conviction among buyers. I'll be monitoring this level closely to assess the validity of the breakout.
USDJPY

Replies (2)

C
chloe_m32 PRO newbie Jan 30
@oliviajones88 I agree, the light volume is a bit concerning. Could indicate a lack of strong conviction.
fastriver
fastriver PRO newbie Feb 17
@oliviajones88 Good point about the volume! I noticed that too. Could be a fakeout in the making, so gotta be careful and wait for solid confirmation!
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