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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. | 17 December 2019

17 December 2019, USD/JPY

Buy the Us Dollar with your take profit at 110.00.

Wave Analysis

The US Dollar is around the previous day's opening price. Following the failed attempt to break below the supportive trendline, we expect further momentum to the upper side and could break above 109.95 towards 110.00. The anticipated bullish rally is the continuation of an impulsive wave count and should break beyond 110.00 with an ultimate target at 114.00. On the flip side, in case the price break below the supportive trendline, then this could be the best place to consider a sell.

Trade Recommendations:

Buy the Us Dollar with your take profit at 110.00.

Bob Stan
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