UJ medium term and long term (months)
UJ on daily formed a double leading M creation now if we look at that on a weekly basis might be the disadvantage movement to start creating the other half of the W? Given the demand levels down there around the weekly we could see prices push up over the next few months once it reaches those demand levels so basically I am looking at an M pattern in a W pattern
charts below will show it more clear the M pattern might need to break that demand zone though (daily chart) in order to reach the lower stronger demand amounts on the weekly.
Again guys this is just what I am speculating using patterns and key amounts I am not saying this will happen 100% as you notice somethings do not workout AUDCAD for example.