In yesterday's analysis, I expected UJ to have further bearish continuation to re-test the 108.37 support level (10th March low), which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. There are two scenarios that I'm looking at
1. If we notice another clear bearish rejection at 108.90 minor resistance zone, that could potentially send UJ back towards 108.22 - 108.37 support zone (Bearish)
2. If price breaks above the 108.90 minor resistance zone, that could expose 109.20 resistance as a potential double top setup zone.
Trade safe.
Do follow my profile for daily forecast & educational content.
1. If we notice another clear bearish rejection at 108.90 minor resistance zone, that could potentially send UJ back towards 108.22 - 108.37 support zone (Bearish)
2. If price breaks above the 108.90 minor resistance zone, that could expose 109.20 resistance as a potential double top setup zone.
Trade safe.
Do follow my profile for daily forecast & educational content.