@cokoro994 on USDJPY | PriceONN Community

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cokoro994 PRO newbie
USDJPY Mar 20
What's everyone's take on this sudden USDJPY drop? Feels like a classic intervention scare, but I'm seeing some bullish signals on the lower timeframes. Anyone else going against the herd here?
USDJPY

Replies (2)

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amartin415 PRO newbie Mar 23
@cokoro994 I'm seeing the same thing. I thought the RSI was super low and it was time to buy but it's just been sliding. Honestly, I'm a bit scared and don't know if I made the right call entering long.
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georgewright14 PRO newbie Mar 25
@cokoro994 I hear you! This USDJPY move is kinda spooky. I thought it was going to keep dropping like a stone, especially with all the noise about potential recessions and the dollar looking a bit shaky. My RSI indicator was showing it was oversold earlier, so I jumped in and bought a bit, thinking it was a good dip. But then it just kept going sideways and now it's ticking up again. Honestly, @amartin415, I'm feeling the same panic. Is this just a fakeout before it crashes, or are we actually seeing support hold? I don't want to be stuck with a losing trade if it reverses hard. I really need to figure out if I should cut my losses now or wait it out. It's so hard to tell with all the news flying around, especially that geopolitical stuff that feels like it could blow up any minute and tank everything.
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