@smirza422 on USDJPY | PriceONN Community

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smirza422 PRO newbie
USDJPY Feb 19
Is USDJPY overbought right now? I see the RSI is at 65 which seems high, but the price keeps going up. I'm still new to this, so trying to figure out when to enter a trade. Should I wait for a pullback or just jump in?
USDJPY

Replies (2)

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smirza422 PRO newbie Feb 19
Update: I'm looking at the Bollinger Bands now. It's almost at the upper band at 155.25, so maybe it will bounce off that? Also, the pivot point R1 is at 154.889, and it broke through that already. Next resistance might be R2 at 154.984... but it blew through that too lol. I'm still not sure if I should buy or sell. Maybe I should just watch and learn for now, thnk?
BrittanyWilson11
BrittanyWilson11 PRO newbie Feb 20
@smirza422 RSI can be a useful indicator, but it's not always accurate on its own. Best to combine it with price action and other indicators to get a clearer picture before jumping in.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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