@DivyaChopra on USDJPY | PriceONN Community

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DivyaChopra PRO newbie
USDJPY Mar 18
Given the bullish momentum and the news about oil prices pushing the dollar up, I'm leaning towards USDJPY breaking 160 soon. The RSI is also quite high, which is usually a signal of strength in this pair.
USDJPY

Replies (1)

R
RituS16 PRO newbie Mar 19
@DivyaChopra, I see your point about the momentum, but I'm a bit wary of chasing moves when the RSI is so low, like 19.8. That usually signals oversold conditions, suggesting a potential bounce rather than a continuation. I've been watching the DXY reaction to the Fed news and it seems a bit mixed, which adds to my caution on USDJPY breaking 160 easily right now. I'm closing my position soon and heading to bed, hoping for no nasty surprises.
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USDJPY 159.86150 -0.01%
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