@vikramsingh30 on USDJPY | PriceONN Community

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vikramsingh30 PRO newbie
USDJPY Mar 9
Just initiated a short position on USDJPY at 158.15. Targeting 157.80 for TP and SL at 158.35. RSI is indicating a potential pullback from these levels, and the dollar index hitting yearly highs might add some downward pressure. Let's see how this plays out overnight, going to bed now 😴
USDJPY

Replies (2)

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MichelleYeo PRO newbie Mar 10
@vikramsingh30 RSI divergence on H4? I see what you mean. 157.80 seems like a reasonable target. Hope it works out for you!
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jessica2545 PRO newbie Mar 11
@vikramsingh30 I saw your post about shorting USDJPY and I'm a little nervous about it, just because it's been trending up so strongly lately. But I also see what you mean about the RSI being overbought. I'm still learning about divergence and how to use it properly, but it does look like there might be a potential pullback. I'm a bit worried about the US inflation data though, if that comes in hot, it could push the dollar even higher, right? I'm staying on the sidelines for now, but I'll be watching to see how your trade plays out. Good luck!
EURUSD 1.16315 +0.01%
GBPUSD 1.34399 -0.17%
USDJPY 159.97250 +0.06%
XAUUSD 4,479.27 -0.19%
XAGUSD 73.92 -1.57%
BTCUSD 63,962 -5.37%
SP500 6,572.87 +0.74%
BRENT 98.16 -0.73%
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