After the BOJ decided to keep policy on hold, it appears that UJ has gone back up to resistance territory, if it can manage to surpass 118.5 the next target for UJ will be 120. s3.amazonaws.com
Since the day that the feds raised the rates, it appears that UJ topped out at a resistance zone of 118.5 | It has gone back to a sideways lateral movement in similar fashion to pre-American interest rate hike, While UJ has maintained a bullish long stance over the last months, it appears that for now it will stay lateral and is prone to spiking up or dropping...