@christopherjones23 on USDJPY | PriceONN Community

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christopherjones23 PRO newbie
USDJPY Mar 11
Anyone else feeling confused by USDJPY right now? RSI is pushing 70, which is technically overbought territory, suggesting a pullback might be due. But then you look at the SMA's, and they're all stacked bullishly – 20 above 50 above 200. Price is above all of them too. Plus, the Bollinger Bands are widening, indicating increasing volatility, but not necessarily direction. Feels like it could break either way, honestly. I guess I'll just wait for more confirmation before making any moves. Maybe a breaker block will form soon.
USDJPY

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joshua7472 PRO newbie Mar 15
@christopherjones23 Yeah, I'm seeing the same thing with USDJPY. RSI's screaming overbought, but those SMAs are looking bullish af. I'm still learning but i'm thinking that maybe it will keep going up until it REALLY cant no more. Maybe wait for a clear reversal signal before shorting??? Just my 2 cents lol
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