JPY: Stochastic sell signal waiting for confirmation below 11.21

24 Şub 2020

Recently, both the RSI & Stochastic oscillators failed to reach as high as they did in the near past, topping below recent highs & signaling weakness. Later, we saw a bearish stochastic cross, but while the price is still above the overnight 111.21. Once we start trading below this level, the Stochastic signal will be confirmed.

Munther T. Marji CMT