After the break of the ascending trend line and no bodily closure below 110 we find ourselves retesting daily resistance at 111.5 a nice psychological level and a clean test at our favored fib zone. Fridays candle showed that sellers are now getting in from three full days of bullish pressure. If you take the mouth of the ascending wedge and follow the break we can have an idea that price may fall below 108 support. Something to pay attention to is we never had a clean retest of the break although it was very close in 08/15. We may just be retesting the highs at 111.5. UJ cannot be taken lightly as it can do it's own thing. I would like to have a nice bearish candle and a close below 111.225 that will give me the pattern needed to enter a short trade to 108
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