On a weekly timeframe price is from a bullish run and has now been retracing in a flag-like formation. We are currently at the base of the flag where there is a strong demand zone hence the gap on market open this week.
When considering the higher timeframes Monthly - Daily - H4 I see a lot of bearish price action and rejections which suggest more bearish pressure at this point.
I expect UJ to drop to 108.600 as a safe and conservative take profit zone.