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Wait. | 15 June 2020

15 June 2020, USD/JPY

Wave Analysis

Last week on Friday, the Us Dollar corrected itself to the upper side but could not sustain the break above the Alligator indicator. Earlier today, the price rallied to the lower side and even went below the same indicator, while this is true, that the price is held below this indicator, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the previous impulsive wave count and could push price towards 106.690 or even lower, but should not go below 105.00.

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Bob Stan
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