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Buy the US Dollar with your take profit at 110.00.

Buy the US Dollar with your take profit at 110.00. | 27 November 2019

27 November 2019, USD/JPY

Wave Analysis

After failing to sustain the break below the supportive trendline, the US Dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside and should break and close above 109.46. A break above this level will push the price is even higher towards 110.00. On this chart, only if the price closes below the same trendline that we may consider a long term sell order.

Trade Recommendations:

Buy the US Dollar with your take profit at 110.00.

Bob Stan
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