UJ

Monthly see a high of 120 and low of 80 with 112.5 as the pivot. We have stayed under 110 until recently with 112 being the top and 104.5 as the bottom on the daily. 108.5 is a key price and sub 110 to 109.75 is a key zone. After recent bullish impulses we could see the yen gain strength and push down to 108.5. If we stay in the 110's we could see 111 gap fill and hit 112 again. overall i am bullish but we can definitely get short opportunities if the 110.2 holds resistance