@aqureshi827 on USDJPY | PriceONN Community
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I'm really confused by USDJPY right now. It's trading below 158.70, which seems like a big drop from where it was. I thought it was supposed to go up or something? Is this oversold territory like the RSI says? What does that even mean for tomorrow morning?
Replies
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Hey @aqureshi827, stop stressing over that little dip. USDJPY is just playing games below 158.70. It's probably just sweeping the lows to catch some retail traders off guard before it rips higher. RSI 51 is basically saying nothing. Watch for a bounce off that 158.62 pivot. I just went long, 100x leverage, let's get it!
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Oh hey @aqureshi827, I totally get why you're confused. USDJPY has been all over the place lately, right? It's like it can't make up its mind. This whole thing about RSI saying 'oversold' is super confusing, I barely understand it myself. Does it mean it's gonna bounce back like crazy or just keep dropping? I feel like every time I think I know what's happening, it does the opposite. This market is wild, and I'm just trying to survive it without losing all my money. Hope Monday brings some clarity for us beginners!
Hey @aqureshi827, I totally get the confusion with USDJPY right now. It feels like it's doing this weird dance around 158.70, and honestly, when I see those RSI numbers, I just get more nervous. I've been burned by thinking something was 'oversold' before and then it just kept dropping. What if it's not just a 'sweep' and we're actually heading lower? This whole geopolitical tension thing with the Middle East and oil prices could be a huge factor, right? Like, if tensions keep rising, doesn't that usually make the Yen weaker and the dollar stronger? But then the news about inflation in the US sounds pretty bad too. It's like all these signals are fighting each other and I'm just stuck here watching my P&L.