@vkumar815 on USDJPY | PriceONN Community

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vkumar815 PRO newbie
USDJPY Mar 8
USDJPY showing good strength but I'm expecting a bit of a pullback early next week. RSI is still above 50 on the daily, but approaching overbought on the H4. Looking for a potential short entry around 158.20 if it gets there, targeting 157.50 initially. Will adjust based on price action.
USDJPY

Replies (3)

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vkumar815 PRO newbie Mar 8
also, the Bollinger bands are starting to widen on the daily chart, could signal increased volatility next week. something to keep an eye on
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rgupta536 PRO newbie Mar 8
@vkumar815 I'm seeing similar RSI signals on the H4. 158.20 looks like a decent level for a potential short entry. Good luck next week!
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neha7080 PRO newbie Mar 9
@vkumar815 158.20 is a decent level, but watch for a potential liquidity grab below 158.00 before any major move down. Institutions might try to sweep the lows before pushing price higher or lower. NFA, but just something to keep in mind. Also, I agree with the widening Bollinger Bands, volatility is coming.
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