Firstly, this Stoch RSI indicator has crossed over today and you can see that on previous occasions this happened, during the course of this year, the price subsequently fell.
Secondly, there was some stubborn resistance back in mid March around the 121.37 area which makes me feel we could have seen the top for now at 121.37.
You can also see the trend channel suggests support will be provided at 118.65 area so will be looking for a move back towards there.
Secondly, there was some stubborn resistance back in mid March around the 121.37 area which makes me feel we could have seen the top for now at 121.37.
You can also see the trend channel suggests support will be provided at 118.65 area so will be looking for a move back towards there.