@lim4674 on USDJPY | PriceONN Community

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USDJPY still pushing higher, but RSI is screaming overbought on the D1. I'm expecting a pullback soon, maybe to the 154.80 level. Gonna keep an eye on the H4 chart for a reversal pattern before considering any shorts. Could be a good swing trade opp if it sets up right.
USDJPY

Replies (1)

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PhotoCharles PRO newbie Feb 20
@lim4674 I agree the RSI is looking stretched on the daily. That 154.80 level is key, imo. If it breaks and holds, could be a decent short opportunity. I'm watching for a bearish engulfing on the H4 to confirm the reversal. Good luck with your swing trade!
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