UJ has been down for the last couple of weeks, the Yen is clearly preforming stronger but I believe UJ will be a long for this next week of trading due to this pair not being able to break key support level mainly. On Dec 22 UJ sentiment was almost 70 percent short and 30 percent long.. and the pair was able to steadily hold in the +.20 to .40 percent. I also see a nice bullish gartley and double top inverse on the 1hr time frame. Not to mention Durable Goods Orders preformed much greater than expected. Actual 5.4 forecast was 2.2
Comment:
Such was wrong about the long term long, but was right that long was in play for short term atleast.
Comment:
Such was right about long term, just very long