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Wait for a possible correction towards 107.460 to pick a low risk sell order.

Wait for a possible correction towards 107.460 to pick a low risk sell order. | 06 March 2020

06 March 2020, USD/JPY

Wait for a possible correction towards 107.460 to pick a low risk sell order.

Wave Analysis

Perfectly as previously forecasted, the impulsive wave (v) continued to the lower side and even went below 105.00. We expect the impulsive wave (v) to continue to the lower side but should not go beyond 100.00. Following the massive move we have seen to the lower side, we are expecting a possible correction of this five wave cycle but should not go beyond 107.460 where we will be looking for a low risk sell orders with our stops above 109.02 with our take profits at 100.00.

Trade Recommendations:

Wait for a possible correction towards 107.460 to pick a low risk sell order.

Bob Stan
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