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Risk-Weighted Index: Bullish Outlook, Watch Break of Triangle
A break higher in the risk index is set to reignite further weakness in the Japanese Yen crosses. The current formation of a narrowing triangle supports the 'risk on' environment heading into Thursday.
It's also interesting to see how the 100-hourly MA has been acting as a reliable indicator guiding the risk rally. Keep an eye as a measurement to assess the overall risk backdrop.
It's also interesting to see how the 100-hourly MA has been acting as a reliable indicator guiding the risk rally. Keep an eye as a measurement to assess the overall risk backdrop.
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