DislikedWhat bothers me about UJ for the medium term is the weekly 100 EMA. UJ took 2 weeks to crack in on the way down and retested it once from bottom up. Now at 117.22. This EMA will be critical. Only above of it the resumption of the uptrend could be considered again. I don't trade Uj for 4 weeks already.Ignored
You are away from Uj for a long time, maybe you missed this.
Take a look...
http://img211.imageshack.us/img211/2475/ujzu2.jpg
This is a H4 chart and that is a 100 SMA.
As you see during the turmoil, that MA is just perfectly hit by the pip as a decline standard.
Today we saw a powerful breakout... not just a spike.
Maybe this mean something, maybe not but, at least we have to bear in mind that the sentiment is not the same, or else that MA would prove to be strong again.