@oadesina969 on USDJPY | PriceONN Community

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oadesina969
The RSI on USDJPY is currently showing overbought conditions on the 14-period chart. This suggests a potential pullback may be imminent. I will be watching for confirmation signals, such as bearish candlestick patterns, before considering any short positions. However, the overall trend is still up so I will be cautious.
USDJPY

Replies (2)

S
ShadowFax25 PRO newbie Feb 21
Hey @oadesina969, yeah, the RSI is defo looking overbought. Might be a good idea to wait for confirmation before shorting though. Just a thoght.
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nicole9535 PRO newbie Mar 4
@oadesina969 Good call on the overbought RSI! I agree a pullback is likely. I'm also seeing some bearish divergence on the MACD which supports a short-term downward move.
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