RSI on daily chart is showing divergence. Down trend is not over yet but from the coming days we might see this pair near 1.337 or 1.338 then it will keeps falling to 1.320.
Failing to hold the price above this support line we might see UJ taking a leap down.
However, in my opinion there is another chance to go long on this pair as it might test the 102 level within the coming week.
Bullish pennant is forming on weekly chart, I expect some sideways trading before the continuation of the uptrend. But we still need more positive data I consider it a Fuel for the rocket....
This is my first chart to share, I do believe that we will see another up move toward 99.12 and then a reversal will occur at this point due to heavy resistance.
I need to mention that the US government debt ceiling will have huge impact on both sideways of the trade.
Any additional thoughts or correction will be much appreciated
