UJ respecting a daily trendline break - Could it be going higher

3 בינו׳ 2017

UJ broke out of the daily descending trendline and now is starting to retrace from a resistance area. At the moment it is showing some bullish rejection at that same trendline which is now acting as support.

if this trendline holds we could see some movement further to the upside.

I have some confluence areas marked on the chart.

Feedback is welcome!