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USDJPY. Place pending sell limit orders from 107.135.

USDJPY. Place pending sell limit orders from 107.135. | 05 August 2019

05 August 2019, USD/JPY

USDJPY. Place pending sell limit orders from 107.135.

Wave Analysis

During the previous trading week, the impulsive wave (v) extend massively to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 107.135, we expect nothing but a possible momentum to the lower side, the idea is to wait for pullback to the upperside to pick low risk sell orders. Conservative traders can wait for pullbacks towards 107.135 to pick low risk sell orders with an ultimate target at 100.00. A break below this level may push price further to the lowerside.

Trade Recommendations.

Place pending sell limit orders from 107.135.

Bob Stan
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