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We're buyers | 04 October 2022

04 October 2022, USD/JPY

We're buyers

Wave Analysis

For some reasons, the US Dollar and the British pound are in a positive correlation, both of these charts are in an active up trend. As long as the price remains above these two moving averages, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) towards 149.00 and may accelerate much higher.

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We're buyers

Bob Stan
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