UJ has been in a short-term bullish trend. But i noticed that the market is potentially forming a double top setup rejecting the 109.22 minor resistance zone. If the double top setup works well, we could expect some sell-off towards 108.22 - 108.37 minor support zone.
However, if we notice further bullish momentum breaking above the current 109.22 minor resistance zone, that could send UJ towards the 109.80 key resistance zone.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
However, if we notice further bullish momentum breaking above the current 109.22 minor resistance zone, that could send UJ towards the 109.80 key resistance zone.
Trade safe.
Do follow my profile for daily fx forecast & educational content.