@shwetayadav65 on USDJPY | PriceONN Community
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Wow, what a week for USDJPY. Friday's close was a bit higher than I expected, especially with all the oil news. Not sure how I feel about the weekly close being overbought on the RSI. Hoping for a calm Monday open, but you never know with these gaps.
Replies
Hey @shwetayadav65, I agree about the oil news creating some weird moves. That geopolitical stuff is pushing the dollar index higher, which you'd think would naturally pull USDJPY up. But then you see the RSI looking so overbought, it screams 'trap'. I'm betting they'll test those lower pivot points early next week to shake out weak hands before any real move.