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Wait | 20 June 2019

20 June 2019, USD/JPY

USDJPY. Buy a bounce from 107.990.

Wave Analysis

The US Dollar is currently trading below 107.990. This is a key level and as long as the price remains below it, we choose to remain on the sidelines, but if price can pullback upwards and end up closing above 107.990 by the end of this week,then this will be an ideal time to look for a buy position, the expected buy order is the continuation of the impulsive five wave cycle and should breakout above 112.011, towards 114.548. If these levels are broken, then further momentum to the upper side is expected with an ultimate target at 118.186.

Trade Recommendations:

Wait for a close abive 107.990 by the end of this week to pick a low risk buy

Bob Stan
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