UJ BIGGER LOOK POTENTIAL TRADE

Jun 22, 2015

UJ touching upper line of the channel with USD overbought and JPY oversold this is a potential trade for med and long term. Remember that USA wont hike rates soon, possible 2016 that will give a breath to dxy and usdollar uptrend. Also BOJ said that JPY is too cheap and weak, for this reazon a raise of interest rates soon will no be a surprise, Let uj make a double top around 1,24 and 1,25 and thos prices would be the best ones. tp are over 0,236 (1,20-1,18) and 0,326 (1,15-1,10) sl 128.