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wait | 14 November 2023

14 November 2023, USD/JPY

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During the previous trading day, the US Dollar rallied to the lowerside but is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we are looking forward to a possible long term buy position with the next ideal target set around 160 and may likely continue much higher. If the price again breaks and closes below 151.635, then this is a good place to consider a possible long term sell position with the next ideal target along thhe lower trendline.

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Bob Stan
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