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Sell a bounce from 110.220.

Sell a bounce from 110.220. | 11 February 2020

11 February 2020, USD/JPY

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Wave Analysis

Yesterday, the US Dollar continued to the upperside but is yet to reach our target set around 110.220. As long as the price is not able to clear break and close above 110.220, we expect a possible bounce from this level to pick a possible long term sell order. And should the price break and close above 110.220, then further momentum to the upperside is expected with an ultimate target around 114.210 or even higher. A bounce from 110.220 will attract a possible long term sell order.

Trade Recommendations:

Sell a bounce from 110.220.

Bob Stan
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