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Remain short.

Remain short. | 06 January 2021

06 January 2021, USD/JPY

Remain short towards 100.00.

Wave Analysis

Just as previously expected, the Us dollar continued massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the upper trendline, we expect further surge to the lowerside and should breakout below 102.500 or even lower. If you are on this chart right now, keep looking for more rally to the lowerside and should breakout below 102.500 towards 100.00 or even lower. If the price pulls back to the upperside, then a bounce from the upper trendline will give us a good place to consider a possible sell.

Trade Recommendations:

Remain short.

Bob Stan
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