@nKing91 on USDJPY | PriceONN Community

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nKing91
nKing91 PRO newbie
USDJPY Feb 14
Alright, weekend USD/JPY chart review time. Looking at the daily, RSI is definitely trending down, below 40 now. Plus, we're under the 20 and 50 SMAs, so short-term bearish signals stacking up. The 200 SMA is way up there, so that's some serious resistance if we try to climb next week. Just gotta be ready for anything, this pair can be unpredictable.
USDJPY

Replies (1)

L
liam99 PRO newbie Mar 6
@nKing91 Yeah, I'm seeing the same thing on the daily chart. That RSI downtrend is pretty clear. I'm not sure about a short position just yet, though. We're still pretty close to that 158 level, and the overall trend has been pretty bullish for a while. I'm thinking maybe wait for a clearer signal, like a break below the 20 SMA on the H4 chart, before jumping in. Could be a fakeout, you know? Gotta be careful out there!
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