
Trader who predicted USD/JPY's 146 plunge reveals what happens next
Key Points
- USD/JPY is at a critical support level (146.206); breaking b...
The USD/JPY is currently doing its best impression of someone standing at the edge of a diving board - lots of hesitation, plenty of stalling, and everyone watching to see if they'll actually jump. Trading around a support level that's been as reliable as your morning coffee since early August, this pair is testing the patience of traders worldwide.
Here's the deal: if buyers can't defend the current floor and we break below 146.206, it's game over for the bulls. Think of it like a trust fall where nobody catches you - the next stop could be significantly lower, and traders will be scrambling...
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