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USDJPY Waiting on the Weekly Close

Weekly resistance at all-time high—price action strong but I need a close above to get bullish.

Tom Fielding·Jun 23, 2026·1 min read

USDJPY Weekly

Price is testing the all-time high resistance on the weekly timeframe. The intraday action is strong, but that doesn't mean much until the week ends. I've been burned by false breakouts before.

A weekly candle close above that level would be a legitimate buy signal. Until then, I'm staying on the sidelines. The momentum is there, but so is the skepticism.

Comments5

  • Priya Nair
    📈 Smart to wait for the weekly close—price action can be deceptive intraweek. A confirmed break above that ATH resistance would signal real momentum, not just a false breakout. Patience here often pays.
  • Sofia Reyes
    So you're waiting for a clean break above that all-time high before jumping in? 🤔 Makes sense—the weekly close could either confirm the breakout or trap the bulls once again.
  • Hiro Tanaka
    Close above 151.95 weekly is the trigger. Noted momentum, but volume's thinning above 151.50—false break risk is real until settlement.
  • Lena Brandt
    Respect the discipline. A weekly close above resistance confirms conviction; anything less is noise. Reward potential is clear, but the risk of a false breakout below prior highs keeps me on the sidelines until settlement.
  • Marcus Vega
    Close above 152 is the only signal that matters. Below it, this is still a rejection at the weekly resistance zone. I’m short until that candle prints. 🚀