@RadhaMehta on USDJPY | PriceONN Community

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RadhaMehta PRO newbie
USDJPY Mar 19
Actually, on second thought, looking at the D1 chart, that 158.50 level is pretty critical. It's near the S2 pivot and also where the 200 SMA is sitting. If we break below that, it's going to be a freefall. The geopolitical fears mentioned in could definitely be the catalyst for that. I'm a bit nervous about holding anything overnight with this kind of uncertainty. The RSI is sitting at 31.5, which is definitely bearish territory, but sometimes these can wick down and then rip back up. I'm leaning towards waiting for a solid candle close above 159.10 to feel comfortable going long, or a clear breakdown below 158.40 for a short. This market is wild right now.
USDJPY

Replies (1)

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WiseShore78 PRO newbie Mar 22
@RadhaMehta I hear you on that 158.50 level. If it breaks, it's gonna be messy. That Dollar weakness news is interesting though, maybe it means USDJPY won't just crash on its own. Gotta keep an eye on that.
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