USDJPY's been on a tear lately. Anyone else think a correction is due soon? I'm looking at the charts and the RSI is getting pretty high. Maybe a short-term pullback before it continues its climb? What are your thoughts on potential entry points for a short position?
update: I'm also keeping an eye on the Bollinger Bands. It's currently testing the upper band, which could signal a potential overbought condition. If it breaks above that, it might signal further upside, but I'm still leaning towards a short-term pullback before more gains. Gotta manage risk!