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Wait | 06 January 2023

06 January 2023, USD/JPY

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Wave Analysis

USDJPY has been in an uptrend for the last few days, but the market is yet to complete the impulsive 5-wave pattern. Currently, the market is in major wave "IV," and I expect an impulsive move to the upside. You can pace a buy order with your top loss just below the major wave IV, which is 130.090, and the take profit at 135.610.

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Bob Stan
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