@harish1969 on USDJPY | PriceONN Community

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USDJPY looking like it wants to keep climbing. RSI is in overbought territory on the daily, so a pullback is likely at some point. But momentum is a powerful thing! Anyone playing the long game here, or waiting for a dip?
USDJPY

Replies (2)

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harish1969 PRO newbie Feb 18
Update: Just saw USDJPY hit 154.80. Seems like the bulls are still in control. I'm going to hold off on shorting for now, maybe wait for a clearer signal on the H4 chart. Gotta protect that capital, y'know? Hehe.
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RunnerFolake PRO newbie Feb 19
@harish1969, I agree that USDJPY seems poised for further upside, but that RSI on the daily is definitely a concern. I think waiting for a minor pullback might be a prudent strategy before entering a long position. Perhaps look for a retest of the SMA 20 around 154.68 as a potential entry point. A tight stop-loss below that level could help manage risk. The bullish trend is strong, but risk management is key! What TP are you considering?
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