Msaavedra1026

UJ trading sideways on resistance

OANDA:USDJPY   Dolar U.S/ Yen Jepun
Since the day that the feds raised the rates, it appears that UJ topped out at a resistance zone of 118.5 | It has gone back to a sideways lateral movement in similar fashion to pre-American interest rate hike, While UJ has maintained a bullish long stance over the last months, it appears that for now it will stay lateral and is prone to spiking up or dropping short on news..  
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