Indicators and patterns
The Stochastic RSI (STOCHRSI) fast %K indicator for USD/JPY on a 15-minute timeframe is currently showing a bullish signal, suggesting a buy opportunity. This indicator combines the Stochastic Oscillator and the Relative Strength Index (RSI) to provide insights into overbought or oversold conditions.
On the other hand, the Average Directional Index (ADX) for USD/JPY on a 15-minute timeframe is indicating a bearish signal, suggesting a sell opportunity. The ADX is a trend strength indicator that helps traders determine the strength of a trend, but in this case, it is pointing towards a weakening trend or potential reversal.
It's important to consider both indicators together to get a more comprehensive view of the market conditions before making any trading decisions.