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Sell the US Dollar towards 106.50.

Sell the US Dollar towards 106.50. | 10 December 2019

10 December 2019, USD/JPY

Wave Analysis

So far, the Us Dollar is below a significant supportive trendline. As long as the price is held below the immediate supportive trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of a corrective wave count and could see the price rally even lower with an ultimate target around 106.80. On the upperside, should the price pullback upwards, then only a clear breakout above 109.20 will mean we are continuing to the upperside with our next level at 109.80.

Trade Recommendations:

Sell the US Dollar towards 106.50.

Bob Stan
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