@jenniferbrown52 on USDJPY | PriceONN Community

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J
Okay, still watching USDJPY... this is painful. It's hovering right around 159.30, but the volume is just not there. I'm wondering if that Dollar Index news is having an effect, everyone running to the dollar but not really affecting JPY much? I was hoping to see a little more upward movement based on the SMA's, but it's just not happening. RSI is still above 60, so technically bullish, but it feels weak. Thinking about setting a buy stop order just above 159.50, see if it breaks that R2 pivot, but I'm nervous about a fakeout. Maybe I'll just stick to paper trading tonight, too risky.
USDJPY

Replies (1)

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gaurav5455 PRO newbie Mar 19
Hey @jenniferbrown52, I hear you. This USDJPY move is definitely slow. That Fed news is confusing things, usually DXY strength means USDJPY up, but it's not playing out. Price is sitting right on that 157.87 S2 pivot, which is kinda scary for me with an open long position. RSI is super oversold though, like 19.8. I'm thinking maybe a short squeeze or a small FVg fill is coming. I'm really hoping it bounces before I have to go to bed. This sideways chop is making me nervous about overnight risk.
EURUSD 1.16205 -0.09%
GBPUSD 1.34360 -0.20%
USDJPY 159.87250 +0.00%
XAUUSD 4,467.26 -0.46%
XAGUSD 73.39 -2.28%
BTCUSD 63,081 -6.67%
SP500 6,572.87 +0.74%
BRENT 99.29 +0.41%
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