Risk On Risk Off Indicator Is Wavering

My view:

My Euro Yen currency cross and risk indicator is showing a hanging man candlestick pattern today.

With divergence on the RSI and MACD combined with oversold Slow Stochastics, it looks ripe for a pullback.

I am watching for a confirmation that closes below the purple line around 1.354.

The market has been holding up surprisingly well, yet is looking rather tired.

It seems about time for a good pullback, but may need some trigger event in the next few days to push it over the edge.

Looking at gold charts at very oversold levels adds credence to this view.