@shalinimehra on USDJPY | PriceONN Community
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USDJPY is currently showing an RSI of 75.7, indicating overbought conditions. Given this, is it prudent to consider short-term selling opportunities, or does the strength of the overall uptrend suggest waiting for a pullback to enter long positions? What are the key levels to watch for confirmation either way?
Replies
@shalinimehra RSI that high does scream overbought, doesn't it? I'd be hesitant to short just based on that though. The overall trend is still up. Waiting for a pullback to enter long sounds like a smarter play imo. Maybe around 154.8?