In yesterday's analysis, I expected UJ to have further bearish rotation towards 103.000 support zone before buying pressure comes in. However, price had a minor fakeout at 103.700 support zone and began finding buyers' interest in the market. Will be focusing on short-term buying opportunities today after some pullback with 104.700 as the initial target. However, do pay attention to yesterday's high (104.300 zone), a strong rejection of that level could lead to short-term selling pressure back towards 103.700. and do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Comment:
Previous analysis
