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Look for long term sell positions towards 107.775

Look for long term sell positions towards 107.775 | 10 May 2021

10 May 2021, USD/JPY

Look for sell positions towards 107.775.

Wave Analysis

Last week on Friday, the US Dollar gapped slightly to the lowerside and is still pretty much bearish. As long as we continue to see sustaince below the zone 109.225, we are looking for long term sell positions. Our expectations is that the price should continue to the lowerside and should breakout below 107.775 towards 106. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and should ultimately break below 106.155. A break below this level will push the price much lower. Trade Recommendations

Look for long term sell positions towards 107.775

Bob Stan
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