@kbhatnagar136 on USDJPY | PriceONN Community

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kbhatnagar136 PRO newbie
USDJPY Mar 27
Well, that Friday close for USDJPY was certainly something. Managed to hold above the 160 psychological level, which is interesting given the RSI is still looking pretty stretched up there on the daily. Curious to see if we get a gap open Monday morning or if this bullish momentum just grinds higher.
USDJPY

Replies (1)

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GrayRiver55 PRO newbie Mar 31
@kbhatnagar136 I agree, that Friday close was quite telling. Holding 160 psychologically is a big deal, especially with how stretched the RSI was. Given the current oversold condition on the daily chart, I'm leaning towards a potential bounce. The next few hours during the New York session will be critical to see if this momentum can be sustained or if we see a retest of lower levels. I'm watching the 158.80 pivot point closely as initial support. If that breaks, we might see more downside.
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