@sqadir545 on USDJPY | PriceONN Community

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Man, I'm watching this USDJPY drop like crazy right now. I'm already in a short position from way up at like 159.30, and it's just bleeding red. I was thinking of adding to it if it broke below 158.70 like @shahzaibkhan18 mentioned, but honestly, I'm getting a bit nervous. This RSI is showing seriously oversold, and I don't want to be a bag holder if it suddenly reverses hard. I usually size my trades so that one bad loss doesn't wipe me out, but right now it feels like every move against me is amplified. Still, I think the downward momentum is strong enough to push it lower, maybe towards that S2 pivot at 158.60. Just gotta keep an eye on the 158.70 level for now.
USDJPY

Replies (1)

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arodriguez142 PRO newbie Apr 4
Hey @sqadir545, I feel you on watching USDJPY. It's been so back and forth. That strong US jobs number on Friday really confused me, I thought it would push the dollar higher across the board. I'm not in a position myself, but I saw it dropping and was like, 'wait, didn't the data say the opposite?' Maybe it's just weekend profit-taking or the holiday volumes. I'm just watching from the sidelines for now, trying to figure out if this drop is real or just noise before Monday. Hope your short works out, but yeah, it's definitely nerve-wracking when it swings like that.
EURUSD 1.16061 -0.21%
GBPUSD 1.34288 -0.25%
USDJPY 159.89750 +0.01%
XAUUSD 4,463.54 -0.54%
XAGUSD 73.22 -2.51%
BTCUSD 63,401 -6.20%
SP500 6,572.87 +0.74%
BRENT 99.75 +0.88%
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