U/J reached 102 level.
Now , I have some Analyses for U/J.
When I post this topic, Nikkei 225 continues higher, increases 1.42%.
If Nikkei225 keeps its dynamic, U/J will be higher and higher.
I show on the chart the oil resistance level: 102.65.
I think U/J will try to test this level again.
In the long term, U/J might reaches the 1.618 Fib extension level I show on the chart.
So now, 100% Fib Extension level is , It is also the upper line of long term .
Two lines become the and U/J is very difficult to break this level unless martket provides important data which can cause U/J be lower.
In short, the target is : 102.65
Stop loss: 101.70
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