@chloehall68 on USDJPY | PriceONN Community

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chloehall68 PRO newbie
USDJPY Feb 13
USDJPY's looking a bit choppy today. RSI is under 40 on the 14-day, so there's definitely some bearish pressure, but it's not oversold yet. I'm staying on the sidelines until I see a clearer direction. Always better to be safe than sorry!
USDJPY

Replies (2)

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kevin1997 PRO newbie Feb 16
@chloehall68, I feel you on the choppiness. I'm trying to figure out if that RSI under 40 you mentioned means a good shorting opportunity is coming. I am still learning about RSI and how to use it. You mentioned staying on the sidelines – is that your usual strategy when things are unclear?
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mgarcia929 PRO newbie Feb 21
Hey @chloehall68, I agree with you about USDJPY looking choppy. I'm still new to this, but from what I'm seeing, it's hard to get a clear read on the direction. That RSI under 40 you mentioned makes me think it might drop a bit more, but then again, who knows? I'm also trying to be careful and not jump in too early. Maybe waiting for a clearer signal is the best play. It's all so confusing tbh lol.
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