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Flat | 16 March 2020

16 March 2020, USD/JPY

Flat

Wave Analysis

During the previous trading week, the US Dollar continued to the upperside but could not go beyond 108.500. we expect the gap which happened to day to be the continuation of a correction to the lowerside but should not go beyond 104.780. As it is now, we are expecting the impulsive wave (c) to continue to the lowerside and should break below 105.200. If you are looking for a trade on this pair, wait for either a break above 108.500 to pick a buy or a break below 15.610 to pick a sell.

Trade Recommendations:

Flat

Bob Stan
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