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OVERALL SHORT
It has been a very volatile week for UJ consolidating between 120 and 110
Overall the market looks bearish and down trend still intact.
however it has not pierce through fibs 23 and will have to wait for market to open to decide where to trade.
If fib 23 bounces, a meet at 40 area of the weekly resistance is possible before a good entry for short.
110.10 area has been a strong support and would require some bear force to break it. upon breaking 108 would be good exit.
Overall the market looks bearish and down trend still intact.
however it has not pierce through fibs 23 and will have to wait for market to open to decide where to trade.
If fib 23 bounces, a meet at 40 area of the weekly resistance is possible before a good entry for short.
110.10 area has been a strong support and would require some bear force to break it. upon breaking 108 would be good exit.
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