| Followers | 192 |
| Posts | 41494 |
| Boards Moderated | 1 |
| Alias Born | 10/29/2007 |
Friday, December 09, 2016 7:48:37 AM
If we back off of the daily chart a bit, it looks like things are still gonna be wrapping up pretty soon here on UJ. We have the overall 61.8 fib retrace sitting at 115.519 and that's just below a long term prior support level now turned resistance at 116.03.
UJ is very likely to hover until the Fed announcement Wednesday where I strongly suspect it'll just be one of those "buy the rumor, sell the news" deals. A 25 basis point increase has long since been priced in on the dollar rally.
UJ Daily Chart...
UJ is very likely to hover until the Fed announcement Wednesday where I strongly suspect it'll just be one of those "buy the rumor, sell the news" deals. A 25 basis point increase has long since been priced in on the dollar rally.
UJ Daily Chart...
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
