UJ at technical resistance at 119.2/3, but a break there goes to 118.9. Under there, 118.5/6 can still bounce to renew the up trend.
Below 118.15/3 it is in a broader consolidation, or has entered medium term reversal.
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On an older GJ thread some years ago (Auslanco) the very simple prevailing wisdom was that direction was signalled by being above or below the 4hr and daily Gann and the daily 200 simple. The daily gann is descending through 179.7 right now, the 4hr gann is at 178.1 and we closed for the first time below the daily 200 which sits at 178.1
Below 118.15/3 it is in a broader consolidation, or has entered medium term reversal.
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On an older GJ thread some years ago (Auslanco) the very simple prevailing wisdom was that direction was signalled by being above or below the 4hr and daily Gann and the daily 200 simple. The daily gann is descending through 179.7 right now, the 4hr gann is at 178.1 and we closed for the first time below the daily 200 which sits at 178.1