taking a quick short on USD/JPY.

Wait 5 sec.

taking a quick short on USD/JPY.US Dollar vs Japanese YenICMARKETS:USDJPYpaaralan2019Looking at the USD/JPY 4-hour chart, the Relative Strength Index (RSI) is heavily overstretched and deep in overbought territory (currently around 72.88). The bullish momentum appears exhausted, indicating that buyers are losing momentum and the price requires a healthy cooling-off period. There is a high probability of a short-term corrective pullback before the overall uptrend can resume. In the current market structure, taking short (sell) positions carries a more favorable risk-to-reward ratio than buying at these peak levels. Strong downside support is expected around the 162.80 area, which aligns directly with the 50% Fibonacci Retracement level.