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Sell a break below 107.130 with your take profit at 105.353.

Sell a break below 107.130 with your take profit at 105.353. | 28 April 2020

28 April 2020, USD/JPY

Sell a break below 107.130 with your take profit at 105.353.

Wave Analysis

The Us Dollar is currently rallying around 107.130. As long as the price is held above 107.130, we choose to hold onto buyers perspective but should the price break and close below 107.130, then this will give us a good place to consider a possible long term sell with an ultimate target at 105.359-104.993. The anticipated bearish price rally is the continuation of the impulsive wave (c) and could break below 104.993. But on the flip side, in case of a bounce from 107.130, then we may consider a buy.

Trade Recommendations:

Sell a break below 107.130 with your take profit at 105.353.

Bob Stan
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