On the daily chart we are seeing a large body long legged dojo forming. I expect we should start to see some sideways trading before we get some downward pressure.
We have a high chance testing the 1.618 level which means we should be testing the $30,000 price range before we attack back up towards the 2.618 level once again.
Economic pressure across the world...
My market structure is primarily based off the H4 time frame for this pair. My current bias for UJ is bearish since we have broke structure from last week. Price action broke market structure at 112.625 weekly support line then finding support at 110.850 afterwards coming up to the 111.480 (which is the 38.2%) price then formed a reversal forming another LOWER...