USD/JPY Susceptible to Larger Pullback as RSI Falls from Overbought Zone
USD/JPY may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory.
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USD/JPY may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory.
Recent developments in the RSI raises the scope for a larger pullback in USD/JPY as the oscillator falls back from overbought territory to indicate a textbook sell signal.
USD/JPY may face a larger pullback over the coming days as the Federal Reserve warns that a “75 basis point increase is not something the committee is actively considering.”
Fresh developments coming out of the US may influence EUR/USD as inflation is expected to increase for the fifth consecutive month.
Looming developments in the RSI may indicate a larger pullback in the price of oil if the oscillator falls back from overbought territory to offer a textbook sell signal.