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Flat | 17 January 2019

17 January 2019, USD/JPY

Flat

Wave Analysis:

The Us Dollar is currently trading within a contracting wedge formation as long as the price does not break above or below this wedge, we choose to remain on the sidelines, our expectations is that the price should break either above the upper trendline and continue upwards, or should break below the lower trendline, then continue to the lowerside. As it is on the hourly chart attached, we're flat, but, according to the weekly chart, we likely to see a steep buy towards 110.625 or even higher towards 118.00.

Trade Recommendations

Flat

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Bob Stan
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