@divyadas32 on USDJPY | PriceONN Community
Hey everyone! 👋 What are your expectations for USDJPY next week? 🤔 With the RSI still bearish, I'm leaning towards a short opportunity, but I'm also keeping an eye on those support levels. Any thoughts on potential catalysts or news events that could drive the pair? 📈📉
Replies
Update: Thinking of waiting for a confirmed break below 152.6 before entering short. Also, will be watching the 200 SMA closely for any resistance. 🧐 Patience is key! 🔑
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Hey @divyadas32, I agree that the RSI is looking bearish! 📉 However, I'm a bit cautious about jumping into a short position just yet. The pair seems to be consolidating around the 153.25 level. I'd like to see a clear break below S1 at 153.243 before considering a short. What news events are you keeping an eye on? 👀
@divyadas32 I agree, a short could be tempting, but with the RSI still above 60 on the 14-day, I'm hesitant to go against the current momentum. Maybe wait for a clearer signal?
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@divyadas32 I agree, the RSI is something to consider. News events could definitely push USDJPY either way next week, so watching the calendar is key.