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Wait | 23 October 2019

23 October 2019, USD/JPY

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Wave Analysis

After a rapid move to the upper side, the US Dollar is currently correcting itself to the lowerside, as long as the price remains within the declining shape formation, we expect nothing but further momentum to the lowerside. the anticipated bearish price rally is the continuation of the corrective three wave cycle and should see the last impulsive wave (c) break below 108.010. And on the flip side, should the price break above the upper trendline, then that will mean we're headed to the upperside.

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Bob Stan
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