UJ Weekly Analysis

Weekly: The pair has failed to make a higher high as it was held back by the fear of trade war. The pair is losing momentum to push through the key resistance 111 region. The pair is currently on the edge of an uptrend. A break below would push the price towards 109 where it will test the strong support and further down at 104.75 if broken. On the upside, if 109 hold, the pair would likely make another rally to the upside to challenge the resistance.
Bias
Long-term: Short
Short-term: Short