UJ is going up...on a tuesday lol but before the ultimate break, i see a quick long that may form on Sunday before the Holiday for the US ....alot of ranging monday perhaps but once the banks re-open, i predict an overall rise for UJ this week....
Alot of ranging last week because both the dollar and yen displayed weakness. Dxy shows the drop in the dollar and jpn shows strength in the yen versus last week. Follow your trading plan and snipe the opportunity to short Uj!! I tend to go for 50-100 pips per trade. Swing traders may get another analysis but as of today 4/24 im shorting UJ