@sakshi96 on USDJPY | PriceONN Community

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sakshi96
Looking at the charts this weekend, USDJPY is just screaming overbought on the RSI. All these 'experts' talking about further upside are blind to the fact that this is just a setup for a reversal. That 160 level is clearly acting as a ceiling, and any news about inflation or oil prices will be the excuse they need to push it down. I'm watching for signs of divergence.
USDJPY

Replies (1)

william_s12
william_s12 PRO newbie Apr 4
Hey @sakshi96, I get what you're saying about RSI. It is looking a bit high there, but USDJPY has been pretty stubborn lately, right? That 160 level is definitely key. I'm not sure if it's a ceiling or just a psychological barrier it needs to break. Will be interesting to see how it reacts if it gets there again next week.
EURUSD 1.16390 +0.07%
GBPUSD 1.34556 -0.05%
USDJPY 159.82450 -0.03%
XAUUSD 4,476.28 -0.25%
XAGUSD 73.57 -2.03%
BTCUSD 62,449 -7.61%
SP500 6,572.87 +0.74%
BRENT 98.80 -0.08%
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