UJ has slowly been gaining momentum since the 700-pip drop last week due to the BOJ Monetary Policy announcement. The pairing finally saw a strong directional bias today after ranging between small resistance and support price points.
The 4 hour chart seems to be showing a bullish bias. Expecting the price to continue to push up, even if slowly.
Entry: 134.500
Targets: 134.750 | 135.000 | 135.230 | 135.450 | 135.600
Resistance: 135.740
Support: 132.450
Be sure to like this post and let me know what you think in the comments below!
The 4 hour chart seems to be showing a bullish bias. Expecting the price to continue to push up, even if slowly.
Entry: 134.500
Targets: 134.750 | 135.000 | 135.230 | 135.450 | 135.600
Resistance: 135.740
Support: 132.450
Be sure to like this post and let me know what you think in the comments below!
