@ragini_r86 on USDJPY | PriceONN Community

Yeah, that oversold RSI is definitely something to keep an eye on. Could be a good signal for a short-term reversal.

Actually, thinking more about that low volume, it might actually be a good sign for potential upside IF we break through some resistance. When volume is low and price starts moving up, it can sometimes mean that the sellers are just giving up and it's easier for buyers to push it higher with less capital. But right now, with the 20 and 50 SMAs still looking a bit bearish, I'm not holding my breath. I've got a small options position on USDJPY, looking for a bounce towards the 50 SMA around 159.20, but I'm ready to cut it if it doesn't move. It's a bit of a gamble really, options are fun when they work and not so fun when they don't lol. This whole dollar strength vs yen weakness thing is always a tricky dance, especially with the Fed sounding so hawkish lately.

Hey @ragini_r86, yeah I saw that too about the low volume. It's weird for this overlap session. That analyst on YouTube I watched also mentioned something similar, said that kind of action before a potential breakout can be a sign of 'smart money' positioning. But honestly, this price action looks like it could just crumble lower any second, especially with that RSI so low. Feels like we're waiting for a news catalyst.