UJ has been bouncing back on forth between the 108.38 - 109.25 S&R zones proceeding its range bound condition. In today's trading session, I will be focusing on short-term selling opportunities. Two scenarios that I am looking at
1. If UJ again bounce back towards the 109.25 resistance zone, I will be looking for some range setup with 108.90 minor support zone as the initial target
2. If I notice a clear break below the 108.85 minor support zone, will be looking for potential break & re-test setup with 108.38 support zone as the target.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If UJ again bounce back towards the 109.25 resistance zone, I will be looking for some range setup with 108.90 minor support zone as the initial target
2. If I notice a clear break below the 108.85 minor support zone, will be looking for potential break & re-test setup with 108.38 support zone as the target.
Trade safe.
Do follow my profile for daily fx forecast & educational content.