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Waiting for a possible long term sell order.

Waiting for a possible long term sell order. | 12 March 2020

12 March 2020, USD/JPY

Wave Analysis

Nothing much appears to be happening on this pair, we expected a possible momentum to the lower side but as it seems, there's no serious momentum to the lower side. As long as the price is held below the Envelopes trend indicator, expect a possible momentum to the lower side. Ideally, we are expecting a possible break below 101.500 to pick a long term sell order towards 100.790 and could breakout much lower towards 98.00 or even lower. As it is now, wait for low risk sell orders from around 105.760.

Trade Recommendations:

Waiting for a possible long term sell order.

Bob Stan
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