@djoshi956 on USDJPY | PriceONN Community
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Wow, USDJPY is really holding strong in this quiet session! I was expecting a bit of a pullback after that jump, but it seems the bullish momentum is still there. The RSI is staying above 60, which is quite impressive. I'm just watching it from the sidelines now, enjoying the steady climb. So far, so good!
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Interesting observation @djoshi956. While the RSI is holding above 60, I'm noting a developing bearish divergence on the H4 chart as price makes new highs. Are you watching that, or is your focus purely on the current uptrend strength?
Hey @djoshi956, good to see you watching the USDJPY too. I agree it's holding up surprisingly well, especially considering the softer inflation numbers out of Japan that should theoretically weaken the yen. That RSI above 60 is definitely a sign of strength, but I'm also seeing a potential bearish divergence on the H4 chart as price pushes higher. It's like we're approaching a cliff edge, and while the view is nice now, the drop could be steep. The news about the Middle East also adds a layer of complexity; is the dollar strength purely geopolitical safe-haven demand, or is it something more fundamental? I'm inclined to be cautious here and wait for a clearer signal rather than jumping on the current momentum.