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We're sellers towards 105.00

We're sellers towards 105.00 | 07 June 2019

07 June 2019, USD/JPY

Wave Analysis

Nothing much has been happening on this pair since the previous trading day. The overall trend is downwards, but we expect certain retracements to the upper side before we can pick a long term sell with an ultimate target at 105.00 or even lower. And should price breakout above 110.610, then that will be an ideal sign that we're supposed to look for a low risk buy order. But as it is on the hourly chart, we're still sellers, we expect a retracement, then a massive decline towards 105.00 and could head lower towards 100.00.

Trade Recommendatioins:

We're sellers towards 105.00

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Bob Stan
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