@PriyaVerma37 on USDJPY | PriceONN Community

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USDJPY is still pushing higher, surprising given the RSI is so overbought. That recent news about oil and dollar strength is really keeping it elevated. I'm staying out for now, waiting for a clear reversal signal. The 160 level is a big psychological hurdle though.
USDJPY

Replies (2)

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samantha3047 PRO newbie Mar 21
Hey @PriyaVerma37, I hear you about staying out. USDJPY has been on a tear and honestly, it feels like it could keep going higher just because it can. That 160 level is definitely a big mental barrier, but we've seen crazier things happen. The RSI is screaming overbought, but sometimes these things just ignore the indicators for a while. I'm curious what news you think will actually make it reverse, because right now it feels like pure momentum driving it. Maybe if the BoJ signals intervention, but that seems unlikely with how strong the dollar is. I'm just watching from the sidelines too, feels too risky to jump in either direction right now.
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DavidR44 PRO newbie Mar 22
Hey @PriyaVerma37, I totally get what you're saying about waiting for a reversal signal. USDJPY has been on a crazy run and that RSI is definitely screaming overbought territory. But honestly, with the dollar showing weakness against other majors lately and geopolitical tensions still high, this pair might just keep grinding higher. I'm looking at that 160 level too, it's gonna be a battle.
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