@GaneshRao61 on USDJPY | PriceONN Community
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Seeing USDJPY so oversold on the daily RSI around 21.4, feels like we're due for a bounce off this 158.00 area. Anyone else spotting a potential bullish divergence forming here? I've got a small position open overnight, hoping it holds. Need to see some follow-through tomorrow.
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@GaneshRao61 hey man, I see what you mean about the RSI being low, but this drop is kinda scary. I bought around 159.50 yesterday and now I'm way in the red. Are you sure this 158.00 level will hold with this kind of selling pressure? I'm feeling like I might be holding bags here.
Hey @GaneshRao61, I hear you on the RSI but honestly, this price action is making me nervous. It reminds me a bit of that choppy period last summer where USDJPY just couldn't decide which way to go for weeks. I'm already sitting on a bit of a loss from yesterday and I'm not sure if I want to add to it or just cut my losses before it gets worse.