@daniel1665 on USDJPY | PriceONN Community

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USDJPY's been on a tear lately, huh? Anyone else feeling like this rally might be a bit long in the tooth? I'm looking at the overall macro picture and wondering if the market's priced in all the good news already. What are your favorite indicators to gauge overextension on this pair?
USDJPY

Replies (1)

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drodriguez214 PRO newbie Feb 26
@daniel1665 I feel you on the overextension thing. I'm also new to this, but I've been reading about the RSI and how it can show when something is overbought or oversold. The RSI on USDJPY is kinda neutral right now, but it makes me a bit nervous to jump in long. I'm wondering if a pullback is coming too. What other indicators do you use? Maybe I can check them out and learn something new. BTW, I'm also trying to learn how to read the macro picture better. Any tips?
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