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USDJPY. We're sellers

USDJPY. We're sellers | 03 July 2019

03 July 2019, USD/JPY

USDJPY. We're sellers

Wave Analysis

The US Dollar is currently trading with an increasing bearish bias momentum. As long as the price remains below 107.898, we're waiting for minor pullbacks to the upperside to pick long term sell orders with an ideal target at 106.300. The idea is not to pick a sell order now, rather, place pending sell limit orders around 107.898, stoploss above 108.605, and take profits at 106.300. A breakout below this level will push the price even lower with the next ideal target at 100.00 or even lower. Only a close above 108.605 will attract a buy.

Trade Recommendations:

Place a pending sell limit order at 107.898 stoploss above 108.605, take profit at 106.300.

Bob Stan
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