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If we back off of the daily chart

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pennies2007   Friday, 12/09/16 07:48:37 AM
Re: Heavyweight post# 140111
Post # of 140143 
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...



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