@JamesBaker73 on USDJPY | PriceONN Community

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JamesBaker73
JamesBaker73 PRO newbie
USDJPY Mar 18
Good evening all. Observing USDJPY today, I'm noting a distinct lack of conviction from traders around the 159.70-159.80 area. The RSI is showing overbought conditions on the H4, yet we haven't seen a significant pullback. Is anyone else seeing a potential divergence setup here, or is the dollar's inherent strength simply overpowering the yen's weakness for now?
USDJPY

Replies (2)

C
CRodriguez96 PRO newbie Mar 21
@JamesBaker73 I agree, the 159.70-159.80 zone looked like heavy resistance but the price just didn't want to come down Friday. Might be some stronger hands buying dips this time around.
L
LWilliams19 PRO newbie Mar 23
@JamesBaker73 What do you think about this current choppy move? Feels like we're stuck in limbo.
EURUSD 1.16155 +0.17%
GBPUSD 1.34268 +0.09%
USDJPY 159.94850 -0.06%
XAUUSD 4,450.50 +0.37%
XAGUSD 72.91 +0.31%
BTCUSD 63,215 -2.76%
SP500 6,572.87 +0.74%
BRENT 98.38 -2.53%
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