101.3 weekly horizontal support line continues to hold.
During NFP this Friday, I won't rule out intraday drop lower testing 200 day MA at 100.2. But only a weekly candle close below 101.3 is a concern, and may suggest a slightly deeper correction to 98-99.
Otherwise, keep buying with 101.3 support as your friend. Since 1995, this level once broken comfortably means game over for U/J.
Shorting U/J is a gamble and not recommended in anyway.
During NFP this Friday, I won't rule out intraday drop lower testing 200 day MA at 100.2. But only a weekly candle close below 101.3 is a concern, and may suggest a slightly deeper correction to 98-99.
Otherwise, keep buying with 101.3 support as your friend. Since 1995, this level once broken comfortably means game over for U/J.
Shorting U/J is a gamble and not recommended in anyway.