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Wait | 28 January 2019

28 January 2019, USD/JPY

Wave Analysis:

During the previous trading week, the US Dollar closed slightly below its opening price but is still above the level 108.579. As long as the price does not go below 108.579, we're still buyers, our expectations is that the price should rise steadily towards 113.980. Should price break above this target, then we'll expect further momentum towards 118.110. A break below 108.579, will attract a possible long term sell towards 105.210, on its way to the lowerside, expect a struggle around 107.060, and should price go below this level, then further rally even lower is expected.

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