UJ will be breaking down for the next month with room to make money both ways... I believe you can have a few pips going up next week, but my call is an overall short. See graph, pretty self expl.
I will further describe everything in the comments section. I believe this is a good short due to a few reasons. First, GBP and EUR very bullish for next week (GU normally has a good inverse relationaship with UJ), and USD Dollar index is at a major resistance line, which I believe will impact directly how UJ behaves. Last but not least, there I have two fibonacci...
I always start my studies from 1W Charts, and then move over to narrow it down to 1H charts or less. RED lines come from resistances and support. Pink line shows previous resistance as a new one, and current price is at the .78 Fibo line.
I am going long. This graph is for myself, and to remind myself to trust myself. Please trade carefully, and perform your own study before trading. More than anything, trust yourself. Reminder to myself: Coincidental lines (RED AND BLACK) and also Fibo line is right on resistance for this bad boy.