We are above the Ichimoku cloud, which may move higher in the coming weeks.
However, short-term it feels we are overextended and a move back is possible. The stochastic is on high side, and RSI is overbought but not extreme.
I suggest a careful SELL approach at current 97.20-97.30 for correction back to 96.65. The support at 96.23 will be strong.
Stop-loss maybe 97.65 for now.
However, short-term it feels we are overextended and a move back is possible. The stochastic is on high side, and RSI is overbought but not extreme.
I suggest a careful SELL approach at current 97.20-97.30 for correction back to 96.65. The support at 96.23 will be strong.
Stop-loss maybe 97.65 for now.