OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has been in a strong uptrend throughout the week. RSI has hit overbought three times in the last 3-4 hours. Trend range has form at the current high and it looks like we may be inside of a spring structure currently. I am opening small short positions when it hits new highs. Looking for the high to pull back into the trending range and then to hold ready for a trend reversal.

Comments

how can it start dropping after a good non farm pay rolls??
Reply
not yet
Reply
DrRoach2 Nott74
@Nott74, Yeah I was too early with my call. The latest peak wick peaks my interest though. I will definitely be watching how it comes out of its current range
Reply
entered short too
Reply
DrRoach2 AngeloC091
@AngeloC091, Hopefully we've entered into the reversal now. I'll be keeping my eye out for a strong reversal signal as overall market is up
Reply
AngeloC091 DrRoach2
@DrRoach2, yeah it is definitely a buy up, hopefully we can catch a big drop before it continues up
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out