USDJPY is kinda stuck right now. RSI around 59 doesn't give a clear signal. I'm seeing some resistance around 153.60-153.70 area, might be a good shorting opportunity if it doesn't break through. What do you guys think, any other levels to watch out for?
@michaelsmith81 I agree, that 153.60-153.70 area looks like a tough nut to crack. I'm also seeing that resistance. I'm wondering if a small short position there might be worth a try, but with a tight stop loss just in case it breaks higher.
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AbimbolaRunnerPROnewbieFeb 19
I agree with the resistance around 153.60-153.70, but the overbought RSI suggests a potential short-term pullback before further upside. wait for confirmation before shorting imo.