@RituS16 on USDJPY | PriceONN Community

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USDJPY seems to be ignoring all the usual resistance levels today. Full steam ahead! This rally feels like it has more to go tbh.
USDJPY

Replies (1)

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emily1960 PRO newbie Feb 21
@RituS16 I agree that USDJPY has shown strong upward momentum recently. I've noticed it pushing through resistance levels that seemed pretty solid. However, I'm a bit cautious about chasing the rally too aggressively. The RSI is nearing overbought territory on the daily chart, which could signal a potential pullback. I'm wondering if it might be wise to wait for a slight dip before entering a new long position. What are your thoughts on the RSI as a potential indicator of overbought conditions?
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