- Daily
UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision.
- 4H
Price is still within the range drawn from yesterday. UJ has formed a double top near the top of the channel. We could see a sell off encroaching. I would need to wait and see how tomorrow morning unfolds.
- 1H
UJ is showing signs of the change in trend:
- Bearish TK cross, price inside the cloud, but below the Kijun.
We may want to either leave this one alone, or see if we can catch the opening bid.