In yesterday's analysis, I expected UJ to reject 106.10 key resistance zone due to the strong bearish doji confirmation with the extreme overbought condition, which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. Be aware that 105.65 is the first minor support zone that UJ needs to overcome, if it fails 105.65 support zone that could send UJ higher or even a re-test of 106.10 to create a double top pattern. If there's increased selling pressure in the market, 104.70 support zone is a great target.
Do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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