I have a bullish bias on UJ.
-Price has been steadily going down for the better part of the previous week and managed to drop to 133.50
-A support turned resistance had been created at 134.68 but it has since turned to support, with price making atleast 3 touches on the same zone and ranging within the next level at 135.30
-Am anticipating a bullish break above 135.30 hence placing buy stops a few pips above 135.30 and my stop below 134.66
-Price has been steadily going down for the better part of the previous week and managed to drop to 133.50
-A support turned resistance had been created at 134.68 but it has since turned to support, with price making atleast 3 touches on the same zone and ranging within the next level at 135.30
-Am anticipating a bullish break above 135.30 hence placing buy stops a few pips above 135.30 and my stop below 134.66
Good trade indeed