@shwetashah69 on USDJPY | PriceONN Community
S
this USDJPY is really tanking today. RSI is super oversold at 19, so maybe it'll bounce back soon? But that Fed news about no rate cuts this year has me worried about the dollar strength overall. If it breaks below 157.50, I think we could see a much bigger drop.
Replies
S
actually, thinking more about that Fed news and the potential for no rate cuts for ages... it might keep the dollar strong long term, even with this dip. So maybe this oversold RSI is just a chance to get in cheaper for a bounce back up? Still feels risky though.
N
Hey @shwetashah69, I hear you on the Fed news and the dollar possibly staying strong. But honestly, that RSI at 19 is screaming for a bounce. I'm already stacked full leverage long on USDJPY right now at 158.30, just waiting for it to rip. Don't be scared of a little dip, that's where the real money is made! YOLO!
Hey @shwetashah69, I totally get your hesitation with that Fed news and the dollar potentially staying strong long-term. It's a valid point. But honestly, looking at this chart now, that RSI at 19 is practically begging for a reversal. I've seen these kinds of dips before where the market just overreacts, especially with the quiet Sydney session liquidity. I went ahead and loaded up a full margin long position on USDJPY around 159.15. Call me crazy, but I'm betting on a bounce here. If it starts to move, this thing could fly. Fingers crossed it doesn't tank further though! YOLO! 🚀