@ApexHunt68 on USDJPY | PriceONN Community
USDJPY looks like it might be going up more. The price is above the 200 SMA. But the RSI is also high... Does that mean it could drop soon? I am not sure if I should buy now.
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Actually, maybe it's too risky. I think I'll just stick to stablecoins for now. Safer.
Update: I'm still watching USDJPY closely. It's gone up even more since my last post! I'm a bit worried about the RSI being so high though. I read that an overbought RSI can sometimes mean a reversal is coming. Maybe I should wait for a pullback before buying? Or maybe it will just keep going up... It's hard to know for sure. I think I will wait and see what happens next week before making a decision. I don't want to lose money.
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@ApexHunt68, I understand your concern about the RSI. It's a tricky indicator. While a high RSI *could* mean a drop is coming, it doesn't always happen immediately. Sometimes it stays high for a while during a strong uptrend. It's wise to be cautious, though.
@ApexHunt68, I'm also new to this, but I read that a high RSI *could* mean it's overbought and might go down. So maybe wait and see?