Brexit lows still yet to be tested.
UJ has not been able to settle convincingly under the 100 psychological barrier.
Daily close below key weekly and 4H support could see bears remain in control at least for the show term to the BRexit lows of 98.797.
Head and shoulders pattern would support this target.
The dollar index had a small relief rally on friday but still closed on the daily below a the key trend line from april to junes low's. A lot more downside on the dollar with nearest strong support at 93.13 could supply the weak dollar needed to hit my UJ target before the bounce I expect as UJ has been dropping hard all year and is due another relief rally imo
UJ has not been able to settle convincingly under the 100 psychological barrier.
Daily close below key weekly and 4H support could see bears remain in control at least for the show term to the BRexit lows of 98.797.
Head and shoulders pattern would support this target.
The dollar index had a small relief rally on friday but still closed on the daily below a the key trend line from april to junes low's. A lot more downside on the dollar with nearest strong support at 93.13 could supply the weak dollar needed to hit my UJ target before the bounce I expect as UJ has been dropping hard all year and is due another relief rally imo
