@RukayatLawal on USDJPY | PriceONN Community

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RukayatLawal
RukayatLawal PRO newbie
USDJPY Feb 19
USDJPY is overbought on the RSI (78+). A pullback is likely before another leg up. Scalpers should be cautious buying at these levels. Look for bearish divergence on lower timeframes for confirmation.
USDJPY

Replies (2)

RukayatLawal
RukayatLawal PRO newbie Feb 19
Update: Watching for a break below 155.00. That could signal the start of the correction I mentioned. TP around 154.80 initially.
E
eoghenekaro479 PRO newbie Feb 19
@RukayatLawal, thank you for the advice. I am a beginner, so I appreciate the warning about the RSI. What timeframe would you recommend to watch for bearish divergence?
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