@mhill812 on USDJPY | PriceONN Community
I'm finding the current signals on USDJPY rather conflicting. The RSI is approaching overbought territory, suggesting a potential pullback. However, the SMA's are all trending upwards, indicating continued bullish momentum. Not sure whether to take profits or hold.
Replies
Hey @mhill812, I'm watching USDJPY too and the volume seems a bit thin for this late in NY session, honestly. It's not really confirming the bullish push we're seeing on the price chart. Feels like a bit of a liquidity grab to me, pushing it up to catch stops before a potential reversal.