USDJPY might test 158.20-158.30 before any major pullback. The overall trend still looks bullish on the D1 chart, but RSI is getting a bit overbought. I'm expecting some profit taking around that level, keep an eye on it. Could be a good short term opportunity for smart money.
@waqasahmed61 I agree that 158.20-158.30 area is important. RSI is definitely getting high, so a pullback is likely. But I'm wondering if it will be a deep pullback or just a small dip before continuing higher? I might take some profits soon and re-enter on the dip. 🚀 What's your target for the short if you get in?
