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Wait | 03 January 2020

03 January 2020, USD/JPY

:Buy the US Dollar towards 114.55.

Wave Analysis

Our stops was taken out when the price went below the level 109.00 and is still pretty much below this level. While this is true, that the price is below this level, we expect further corrections even much lower but should not go beyond 107.90. We are waiting for a possible sign that the current correction is ended so that we buy the last impulsive wave v to the upper side with an ultimate target at 114.25. If the price breaks below 107.60, then this will be an ideal place to consider a long term sell order.

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Bob Stan
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