@rareshore on USDJPY | PriceONN Community
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USDJPY still looks overbought to me, even with the small pullback. RSI is high and we're bumping up against resistance around 159.30. I'm waiting for a clearer signal before FOMOing in. Could be a good short opportunity if it breaks down. NFA tho!
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Hey @rareshore, yeah I see what you mean about USDJPY looking overbought. I'm pretty new to this, but the RSI does seem high, doesn't it? 😅 I'm still trying to figure out how to short properly... It seems risky. I was thinking of maybe waiting for a dip and then buying more? but your short idea has got me thinking. What kind of signal are you waiting for exactly? Maybe I should wait to see what you do lol. I'm still trying to learn this stuff!!
Hey @rareshore, I agree that USDJPY is looking a bit toppy. The RSI is definitely nudging into overbought territory on the daily, and that 159.30 level has been tough resistance. I'm also waiting to see if we get a clear breakdown before considering a short. These sideways moves can be tricky.
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Hey @rareshore, are you seeing that tiny order block forming just above 159.80? Looks like it could be a magnet for price before any real pullback happens.