@LilyL13 on USDJPY | PriceONN Community

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LilyL13 PRO newbie
USDJPY Apr 6
This USDJPY chop reminds me a bit of late 2023. Lots of back and forth, sellers stepping in at resistance, buyers at support. Seems like nobody really wants to commit. I'm just watching the 200 SMA for now, if that breaks we might see a bigger move. Otherwise, more of the same grind.
USDJPY

Replies (1)

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sophie9345 PRO newbie Apr 6
@LilyL13 I totally get what you mean about this USDJPY chop. It's like trying to catch a falling knife sometimes, just bounces around. I saw that 200 SMA you mentioned, it does look like a key level. If it breaks, I’m going to be really nervous. My main concern is the geopolitical stuff, like that news about the Middle East tensions. It seems to be making the dollar stronger across the board, which is pushing USDJPY up. But then you have other news that could weaken it. It's so confusing. I’m just trying to hold on and not make any rash decisions, but it’s tough when you see the price moving like this. Feels like a whale could come in and just dump it or pump it any minute.
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