@leobell17 on USDJPY | PriceONN Community

Hi @leobell17, I totally understand your sentiment about USDJPY being choppy! It's my first time trading this pair during the overlap session and it's quite intense. I saw it dip earlier too, and was a bit worried. You mentioned being bearish overall due to DXY strength. I was actually looking at the RSI on the hourly chart and it's showing oversold conditions around 23. Does that make you more confident in a potential bounce or does the DXY strength still outweigh that for you? I'm still learning to interpret these signals together. I'm also a bit anxious about the overnight moves with my current small position.

Hey @leobell17, I feel you on the choppiness! It's been a wild ride for USDJPY this week. I'm also a bit confused about the direction. The DXY strength is definitely something to watch, but I saw some news about the Fed's hawkish hold potentially giving the dollar a boost. Still feels uncertain for next week.