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Wait | 18 January 2023

18 January 2023, USD/JPY

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Wave Analysis:

During the previous trading day, the US Dollar rallied to the upperside after bouncing off from 127.368. As it is right now, I expect nothing but a possible momentum to the upperside. If you are on this chart, we are buyers if the price breaks and close above 131.410. If this level is violated, then we will be waiting for a rebound from the upper trendline to pick a possible sell position.

Trade Recommendations:

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Bob Stan
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