@lakhtar681 on USDJPY | PriceONN Community
Checking the volume on USDJPY... seems a little divergent on this recent push. Price is up, but volume isn't exactly confirming. Could signal a potential pullback if it doesn't pick up soon. Need to watch closely to see if this is a genuine breakout or just a fakeout.
Replies
@lakhtar681 I'm seeing the same thing with the volume. It's not confirming this push at all. I think it's an inducement to get more buyers in before a drop. RSI is getting pretty overbought on the H4 chart too, which adds to the bearish case. I'm thinking of opening a small short position around 159.1 with a tight stop above 159.3. What are your thoughts on potential targets if it breaks down?