The last two days have seen bullish sentiment on the US Dollar.  Is it oversold for the medium term?  As a fan of UJ I see the next major resistance at the 114 area at which case i’ll be watching fundamental news carefully to see if there will be another leg down.  Technically it is definitely oversold and due for a 2-3% retrace.  However this past week it’s already recovered 1.19%.  A change in speculation of change in fundamentals and a change in long/short-interest along with timing will determine a retrace or reversal.