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Wait for a possible buy from 108.205.

Wait for a possible buy from 108.205. | 31 March 2020

31 March 2020, USD/JPY

Wave Analysis

The us dollar is currently in a corrective mode, following the break above the alligator trend indicator attached, I expect further momentum to the upper side and should break above 108.800 towards 109.390. At this point, only buy positions looks ideal and can be recommended. But should the price break below 107.315, then this will be an ideal place we want to consider a possible long term sell order with an ultimate target around 105.00 and may stretch much lower towards 100.00.

Trade Recommendations:

Wait for a possible buy from 108.205.

Bob Stan
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