UJ most likely will re-test 109.700 area which is strong Daily S/R and last swing 62.8% Fib level.
I expect for UJ to test the low of 105.00 / 104.900 area before reversing into bullish trend.
On the lower timeframes, H4 and H1, we have a valid bullish setups until mentioned 109.700 - the January NFP channel is giving a nice minor support level (approx 115 pips).
I expect for UJ to test the low of 105.00 / 104.900 area before reversing into bullish trend.
On the lower timeframes, H4 and H1, we have a valid bullish setups until mentioned 109.700 - the January NFP channel is giving a nice minor support level (approx 115 pips).
Disclaimer
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.