Indicators and patterns
The Relative Strength Index (RSI) indicator for USD/JPY on a 15-minute timeframe is currently showing a bearish signal, suggesting a potential selling opportunity. The RSI value is 145.465, indicating that the market may be overbought and due for a correction.
On the other hand, the Chande Momentum Oscillator (CMO) for USD/JPY on a 15-minute timeframe is displaying a bullish signal, indicating a buying opportunity. The CMO is a momentum indicator that measures the rate of change in price movements, and a bullish signal suggests that the market may be gaining upward momentum.
It's important to consider both indicators and signals in conjunction with other technical and fundamental analysis to make well-informed trading decisions.