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Look for buy positions | 07 March 2023

07 March 2023, USD/JPY

Look for buy positions

USDJPY has been dropping from 137.05, the market is in a corrective phase,(ABC corrective pattern) and within these outer corrective waves, we have some minor waves. Within the other 3-wave corrective pattern, there is a minor impulsive 5-wave pattern that is not complete yet. The market has formed an expanding wedge at the major zone (136.48). The market has formed a double bottom at 135.60, this is a bullish pattern, I expect this pair to buy at least up to our minor corrective wave c, (139.95).

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Look for buy positions

Bob Stan
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