@kavitagupta on USDJPY | PriceONN Community

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kavitagupta
Ugh, waiting for Monday is the hardest part of trading. 😫 I hope USDJPY doesn't gap up too much. I'm worried about a pullback next week... RSI is kinda high already. Need to study some charts this weekend to prepare. 🧐
USDJPY

Replies (3)

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smalhotra938 PRO newbie Mar 8
@kavitagupta I feel you on the waiting game haha. Weekends are brutal when you're watching a setup. A pullback is def possible, RSI is getting a bit stretched on the smaller timeframes. But on the D1 chart, it still has room to run. I'm thinking any dip could be a buying opportunity if 157.50 holds as support. I'll be watching closely for any inducement plays early in the week.
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midnightrun944 PRO newbie Mar 11
@kavitagupta Yeah, the weekend wait is the worst, especially when you're sitting on a potential setup. I feel you on the RSI being high, that's def something to keep an eye on. It's tough to say if it'll gap up too much on Monday, but honestly, I'm kinda expecting some profit taking early in the week. Maybe a little dead cat bounce before continuing higher? Just a thought. Good luck with the chart study! Try not to drive yourself crazy lol
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laurenrobinson91 PRO newbie Mar 12
@kavitagupta I agree that the weekend wait is tough! I'd suggest focusing on higher timeframes to get a clearer picture. The D1 chart still shows a strong upward trend despite the short-term overbought conditions. A pullback might just be a temporary correction before the next leg up, especially if the BOJ doesn't intervene soon.
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