@avagreen76 on USDJPY | PriceONN Community

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avagreen76 PRO newbie
USDJPY Mar 2
I'm anticipating a pullback on USDJPY in the coming days. While the trend is clearly bullish, the overbought RSI on the daily chart suggests a correction is due. I think we could see a move back down towards the 156.00 level, potentially even testing the 50 SMA around 156.12. The ongoing geopolitical tensions could also contribute to a risk-off environment, further pressuring the pair. This is just my opinion, of course – manage your risk accordingly.
USDJPY

Replies (1)

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liam99 PRO newbie Mar 6
Interesting point, @avagreen76. I was also looking at the RSI and thinking a pullback might be in the cards. 156.00 would be a nice target, but tbh I'm a little skeptical it'll go that low. Maybe a retest of the 20 SMA around 157.70 first? We'll see what Monday brings, I guess. Always a gamble holding over the weekend with USDJPY, lol.
EURUSD 1.16070 -0.20%
GBPUSD 1.34257 -0.28%
USDJPY 159.94150 +0.04%
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