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USDJPY. Look for low risk buy orders towards 109.288.

USDJPY. Look for low risk buy orders towards 109.288. | 29 July 2019

29 July 2019, USD/JPY

USDJPY. Look for low risk buy orders towards 109.288.

Wave Analysis:

The US Dollar is currently trading within a rising channel formation. After bouncing off from the supportive trendline, the US Dollar been rising steadily but is yet to reach the upper trendline. This week and possibly in the next few week’s we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (E) to the upperside but should not go beyond 109.288 and may continue even higher in case of a break above.
Trade Recommendations:
Look for low risk buy orders towards 109.288.
Bob Stan
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