@brandonmartin15 on USDJPY | PriceONN Community

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brandonmartin15 PRO newbie
USDJPY Mar 23
Watching USDJPY closely here, it seems to have found some support around the 158.30 level. The RSI is also ticking up a bit from that oversold territory, suggesting maybe some buyers are stepping in. I'm being careful though, the overall trend still feels a bit uncertain with all the talk about the Fed.
USDJPY

Replies (2)

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brandonmartin15 PRO newbie Mar 23
Also, that pivot point at 158.52 seems to be acting as resistance right now.
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brandonmartin15 PRO newbie Mar 23
Yeah, and I was just reading something about how the US dollar is gaining strength overall, which usually pushes USDJPY higher. But then you have all this speculation about interest rates, which is making me nervous. I'm actually thinking of closing my long position if it doesn't push past 158.50 soon, just to avoid getting caught in any sudden drops. It's hard to know which way to lean with all these conflicting signals.
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