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Wait | 11 October 2022

11 October 2022, USD/JPY

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Wave Analysis

On this chart, we're still struggling with the buyers, it looks like a break above 145 mark will mean buyers have gained an upper hand, that the impulsive wave (5) may likely extend to the upper side with the next ideal target set at 149.90 and will continue much higher. As it is right now, we are buyers on sidelines, however, if the price should break below 140.270, then we'll be interested in sell positions.

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Bob Stan
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