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Remain short with your target at 102.594.

Remain short with your target at 102.594. | 15 January 2021

15 January 2021, USD/JPY

Buy a breakout above 104.420 towards 104.745.

Wave Analysis

Yesterday, the Us dollar closed as a possible bearish indecision candle during the previous trading day. While we continue to see price below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside and should break and close below 102.594. If you are on this chart, keep looking for more momentum to the lowerside with your target at 102.594. A breakout below 102.594 will be the continuation of the impulsive wave (E) to the lowerside and should break below 102.140.

Trade Recommendations:

Remain short with your target at 102.594.

Bob Stan
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