EUR/JPY: RSI warns of the completion of a pulse wave

The cops have taken in 4-hour chart is clearly in control and the 50 – and the 200-SMA have already been removed considerably from each other, so that the plated can up to motivate movement to profit-taking.

The last rise in the EUR/JPY exchange rate has pushed the RSI above the 75% mark. In the Elliott-wave analysis of this event is often in connection with the fifth shaft and in the run-up to ongoing correction phase. The EUR/JPY should at least fall in the direction of the 50-SMA, in order to increase the upward pressure.

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