UJ (USDJPY) bias long
As you can see from the dxy (dollar index) analysis, the dollar is looking strong for next week so UJ is long for me. We plotted the red arrow on the chart to show you what we predict will happen and make it easier to see. This pair will have a slight push up to the pink shaded box (weekly resistance) before respecting the lower trade line and using this as support and pushing up threw the weekly resistance to around 111.930 area
As you can see from the dxy (dollar index) analysis, the dollar is looking strong for next week so UJ is long for me. We plotted the red arrow on the chart to show you what we predict will happen and make it easier to see. This pair will have a slight push up to the pink shaded box (weekly resistance) before respecting the lower trade line and using this as support and pushing up threw the weekly resistance to around 111.930 area
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