UJ is currently breaking out this descending line, could be a false breakout or a retest of the trend line. Personally I believe it's a false breakout. A clear break out of the 107.00 mark should change the trend and bring back the ninja to the previous levels of 110.00-112.00
Resistance levels at the moment are: 106.00 (psychological level)
106.40/106.50 (50% fibs retracement)
107.50 (38.2 retracement)
Let me know what you think :)
Resistance levels at the moment are: 106.00 (psychological level)
106.40/106.50 (50% fibs retracement)
107.50 (38.2 retracement)
Let me know what you think :)
