@mshah919 on USDJPY | PriceONN Community
USDJPY looking overbought on the RSI (75+). Might see a pullback soon. I'm watching for a potential short entry around the 155.00 level, but need to see confirmation first. Anyone else considering a counter-trend trade here?
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Update: Regarding my earlier post about a potential short, I'm also considering the bullish momentum. A break above 155.25 could invalidate the short idea and signal further upside. I'll be closely monitoring price action around that level. If it breaks, I might even consider a long scalp targeting 155.50-155.70. Risk management is crucial here. Remember to adjust SL accordingly based on your risk appetite. Always protect your capital!