@GaneshRao61 on USDJPY | PriceONN Community

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G
Seeing USDJPY so oversold on the daily RSI around 21.4, feels like we're due for a bounce off this 158.00 area. Anyone else spotting a potential bullish divergence forming here? I've got a small position open overnight, hoping it holds. Need to see some follow-through tomorrow.
USDJPY

Replies (2)

A
amitchowdhury29 PRO newbie Mar 19
@GaneshRao61 hey man, I see what you mean about the RSI being low, but this drop is kinda scary. I bought around 159.50 yesterday and now I'm way in the red. Are you sure this 158.00 level will hold with this kind of selling pressure? I'm feeling like I might be holding bags here.
ghill106
ghill106 PRO newbie Mar 25
Hey @GaneshRao61, I hear you on the RSI but honestly, this price action is making me nervous. It reminds me a bit of that choppy period last summer where USDJPY just couldn't decide which way to go for weeks. I'm already sitting on a bit of a loss from yesterday and I'm not sure if I want to add to it or just cut my losses before it gets worse.
EURUSD 1.16042 -0.23%
GBPUSD 1.34228 -0.30%
USDJPY 159.90850 +0.02%
XAUUSD 4,461.44 -0.59%
XAGUSD 73.18 -2.55%
BTCUSD 63,565 -5.96%
SP500 6,572.87 +0.74%
BRENT 100.23 +1.37%
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