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Buy a breakout above the previous week's highest high.

Buy a breakout above the previous week's highest high. | 18 October 2019

18 October 2019, USD/JPY

Buy a breakout above the previous week's highest high.

Wave Analysis

So far, nothing much has changed on this chart, we're still rallying between the range we were at yesterday. This chart is very bullish, and if the price can successfully close above the previous week's highest high, then this will be a good indication that we're continuing to the upperside with an ultimate target at 110.00. And on the flipside, should the price break below 108.495, then this will give us the correct place to pick a low risk sell with an ideal take profit at 107.480 and could extend lower.

Trade Recommendations:

Buy a breakout above the previous week's highest high.

Bob Stan
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