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Wait | 11 September 2020

11 September 2020, USD/JPY

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Wave Analysis

Currently, the Us Dollar is consolidating in an upward manner. As it is now, we are waiting for a clear bounce from the upper trendline to pick a low risk sell position towards 106.023. If the price breaks and closes above the upper trendline, then we expect further momentum to the upperside towards 106.264. A breakout above this level will mean we are continuing to the upperside towards 106.315. A break beyond this level will push the price much higher with an ultimate target around 110.00.

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Bob Stan
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