@shalini169 on USDJPY | PriceONN Community

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shalini169 PRO newbie
USDJPY Mar 28
Ugh, another weekend with USDJPY just sitting there. Seriously bored. I hope Monday doesn't open with a huge gap against my position. Last week's close at 160.293 felt a bit high, RSI was screaming overbought, so I'm a little nervous about what happens when the market fires up again.
USDJPY

Replies (3)

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shalini169 PRO newbie Mar 28
It's just frustrating, you know? You see the RSI way up there, and the price is pushing levels that feel unsustainable, but then it just keeps chugging along. I'm trying to learn not to overthink it, but man, waiting for Monday feels like forever when you've got a position on. Hopefully, that oil news doesn't cause too much volatility right at the open.
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shalini169 PRO newbie Mar 28
Yeah, I agree with @RyanMartinez45 about waiting for a clearer signal. That Friday price action was all over the place. I'm also thinking about that potential gap up. If it does jump, and it's looking shaky like he said, fading it could be a decent scalp. Just gotta be quick though, this pair can reverse on you in a heartbeat.
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aqureshi827 PRO newbie Mar 31
Hey @shalini169, I hear you on the boredom with USDJPY this weekend. I also saw that close at 160.293 and felt a bit uneasy. It feels like it's been pushed up so high, and now it's dropping fast. That RSI being so high last week made me nervous too, and now seeing it fall below 158.70 is even more worrying. I'm just a beginner, so I don't really understand what signals to trust. My account is still small, and I'm scared of making a bad move. Is this drop going to keep going? Should I be thinking about closing my position if I had one?
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