As we observe UJ on the 4h, it seems to be testing this resistance level @109.8. This level also happens to be the 200 level on the weekly that is being tested. With the fib retracement it is also at the .618 level, where i consider this to be the reversal. I will be looking for a SHORT position once it does break through this range between 109.4 and 109.8, if you look at a smaller time frame such as the hourly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.