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Only buy a break above 110.230.

Only buy a break above 110.230. | 17 February 2020

17 February 2020, USD/JPY

Only buy a break above 110.230.

Wave Analysis

So far, nothing much appears to be happening on this pair, we are yet to hit our target set around 110.230, neither is it going below the support 109.180. If the price can successfully go above 110.20, then further momentum to the upper side is expected towards 114.00. This view can only be invalidated in case the price breaks and closes below 109.530, if this is the case, then further momentum to the lower side is expected towards 107.780, on its way downwards, the key levels to look at include 109.180 and 108.830.

Trade Recommendations:

Only buy a break above 110.230.

Bob Stan
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