@RohanGupta6 on USDJPY | PriceONN Community
R
Hey @shweta5669, I saw that RSI too, it's pretty high. I'm honestly a bit worried about USDJPY after Friday's close, especially with all this oil news making the dollar look like a wrecking ball. I feel like there might be a gap down on Monday morning, maybe testing that 159.80 area. Hope my small long position survives the weekend.
Replies
R
Ya, the oil thing is really making me think twice about the dollar's strength. If the dollar keeps getting hammered by these headlines and stagflation fears, USDJPY might actually pull back. I'm starting to think my small long might have been a bad idea. Maybe I should just cut it, but then again, maybe it'll gap up... ugh, stressful.
Wait, you mentioned that oil news affecting the dollar? I completely missed that. If the dollar is indeed getting hammered, that could totally mean USDJPY might gap down on Monday, like you said. I was thinking it might hold steady, but that news changes things. Gotta watch that dollar strength closely.