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Wait for a long term sell order.

Wait for a long term sell order. | 12 February 2020

12 February 2020, USD/JPY

Wait for a long term sell order.

Wave Analysis

Nothing much appears to be happening on this pair. As long as the price remains below 110.255, the current move we are seeing to the upperside is just a mere correction to the upperside but should not go beyond 110.255. If you are looking at this chart, you should be waiting for a possible long term sell position. The anticipated sell position is the continuation of an impulsive wave count and should go beyond 107.600 towards 106.715 or even lower. If you are looking at this chart now, wait for low risk sell orders.

Trade Recommendations:

Wait for a long term sell order.

Bob Stan
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